{
    "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)",
        "Short-term holding recommendation (1 day)",
        "Potential for significant losses"
    ],
    "classification": "complex",
    "supporting_data": "The ETP is classified as complex due to its 3x leverage, daily rebalancing with compounding effects, and high-risk profile (Class 7). The product is designed for sophisticated investors who can monitor it daily and understand the risks of leveraged products. The recommended holding period is 1 day, and holding it longer may result in returns different from 3x the underlying asset's performance due to compounding. The product does not use swaps or synthetic replication but relies on physical replication with margin (borrowing) to achieve leverage. The high risk, leverage, and short-term nature make it unsuitable for retail investors without specialized knowledge.",
    "confidence": 90
}