{
    "type": "ETP",
    "leverage": true,
    "derivatives": true,
    "swaps": false,
    "inverse": true,
    "replication_method": "physical",
    "ucits": false,
    "complex_factors": [
        "Leverage",
        "Inverse Exposure",
        "Daily Compounding Effect",
        "High Risk Profile"
    ],
    "classification": "complex",
    "supporting_data": "The ETP is classified as complex due to its -3x inverse leverage, which introduces significant risk and requires sophisticated understanding. The daily compounding effect, high risk indicator (7/7), and the potential for substantial losses further contribute to its complexity. Although it uses physical replication, the leverage and inverse exposure make it unsuitable for retail investors without specialized knowledge. The product is explicitly stated to be intended for sophisticated investors who understand the risks of leveraged and inverse products.",
    "confidence": 95
}