{
    "leverage": true,
    "derivatives": true,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "ucits": false,
    "type": "ETP",
    "complex_factors": [
        "Leverage",
        "Daily rebalancing",
        "High risk profile"
    ],
    "classification": "complex",
    "supporting_data": "The product is classified as complex due to its 3x leverage, which magnifies both gains and losses. The daily rebalancing mechanism introduces compounding effects that can lead to returns diverging significantly from the underlying index over time. The risk indicator is at the highest level (7/7), and the product is explicitly stated to be suitable only for sophisticated investors who can monitor their positions daily. The use of margin (borrowing) to achieve the 3x exposure further increases complexity. While the replication method is physical (owning the underlying asset), the leveraged nature and the potential for significant tracking error make this product complex under MiFID II.",
    "confidence": 90
}