{
    "type": "ETP",
    "ucits": false,
    "leverage": true,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "complex_factors": [
        "Leverage",
        "Compounding Effect",
        "High Risk Profile"
    ],
    "classification": "complex",
    "supporting_data": "The Leverage Shares 2x Long WTI Oil ETP is classified as complex due to its leveraged structure (2x exposure), which introduces significant risks and complexities such as the compounding effect and high volatility. The product is designed for sophisticated investors who understand the risks of leverage and daily rebalancing. The risk indicator is at the highest level (7 out of 7), and the product explicitly states it is not simple and may be difficult to understand. The use of margin (borrowing) to achieve leverage, combined with the potential for significant losses and the need for daily monitoring, further supports the complex classification. While the replication method is physical, the leverage and associated risks make it unsuitable for retail investors without specialized knowledge.",
    "confidence": 95
}