{
    "complex": false,
    "type": "ETF",
    "ucits": true,
    "replication_method": "synthetic",
    "leverage": false,
    "derivatives": true,
    "swaps": true,
    "inverse": false,
    "complex_factors": [
        "Synthetic replication using swaps",
        "Counterparty risk exposure"
    ],
    "classification": "non-complex",
    "supporting_data": "The Amundi FTSE 100 UCITS ETF Acc uses synthetic replication via an OTC swap with Morgan Stanley Bank AG and Societe Generale, which is a common practice for ETFs tracking large-cap indices. While this introduces counterparty risk, the fund does not employ leverage, inverse strategies, or complex structured products. The FTSE 100 is a well-known, liquid index, and the fund's risk profile (SRRI 4) is within typical ranges for equity ETFs. The use of derivatives here is for efficient replication rather than speculative purposes, and the fund is UCITS-compliant, indicating regulatory approval for retail investors. The fact that it is a standard accumulation share further supports its non-complex classification.",
    "confidence": 90
}