{
    "type": "ETP",
    "ucits": false,
    "leverage": true,
    "derivatives": true,
    "swaps": true,
    "inverse": false,
    "replication_method": "synthetic",
    "complex_factors": [
        "Leverage",
        "Swaps",
        "High Risk Profile",
        "Compounding Effect",
        "Volatility Amplification"
    ],
    "classification": "complex",
    "supporting_data": "The ETP is a 3x leveraged product tracking the Solactive US Artificial Intelligence (AI) Index, using synthetic replication via swaps and derivatives to achieve its objective. Key complexity indicators include: (1) 3x daily leverage, (2) synthetic replication with counterparty risk, (3) high risk rating (7/7), (4) compounding effect warnings, and (5) explicit statements that the product is 'not simple and may be difficult to understand.' The KIID emphasizes significant tracking error risks, volatility amplification, and the potential for substantial losses, all of which align with MiFID II's definition of a complex instrument. The product is not UCITS-compliant, further supporting its classification as complex.",
    "confidence": 95
}