{
    "leverage": true,
    "derivatives": true,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "ucits": false,
    "type": "ETP",
    "complex_factors": [
        "Leverage (3x)",
        "Daily rebalancing with compounding effect",
        "High risk profile (Class 7/7)",
        "Short-term trading focus"
    ],
    "classification": "complex",
    "supporting_data": "The product is classified as complex due to its 3x leverage, daily rebalancing mechanism, and high-risk profile (Class 7/7). While it uses physical replication, the leveraged nature and compounding effect make it unsuitable for retail investors without sophisticated knowledge. The KIID explicitly states it is 'not simple and may be difficult to understand,' and the PRIIPs document reinforces this with warnings about daily monitoring requirements. The product's structure, including margin usage and potential for significant losses, aligns with MiFID II's criteria for complexity.",
    "confidence": 95
}