{
    "type": "ETP",
    "leverage": true,
    "derivatives": true,
    "swaps": false,
    "inverse": false,
    "replication_method": "synthetic",
    "ucits": true,
    "complex_factors": [
        "Leverage",
        "Daily Compounding Effect",
        "High Risk Profile (7/7)",
        "Complex Index Tracking"
    ],
    "classification": "complex",
    "supporting_data": "The WisdomTree CAC 40 3x Daily Leveraged ETP exhibits multiple complexity indicators under MiFID II. It uses a leveraged strategy (3x daily exposure) and tracks a complex index (CAC 40 X3 Leverage NR Index) with daily resetting, leading to compounding effects that deviate significantly from the underlying index performance over time. The risk profile is rated at the highest level (7/7), indicating substantial potential for loss. The product is explicitly stated to be 'not simple and may be difficult to understand,' which aligns with MiFID II's complexity criteria. Additionally, the use of futures contracts and the mention of 'rolling' costs suggest derivative usage beyond simple replication. The product is also intended only for informed retail investors with specific knowledge, further supporting its complex classification.",
    "confidence": 95
}