{
    "leverage": true,
    "derivatives": true,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "ucits": true,
    "type": "ETP",
    "complex_factors": [
        "Leverage (3x)",
        "Daily rebalancing",
        "High risk profile (Class 7)",
        "Short-term holding recommendation"
    ],
    "classification": "complex",
    "supporting_data": "The ETP is classified as complex due to its 3x leverage, daily rebalancing mechanism, and high-risk profile (Class 7). The product is designed for sophisticated investors who can monitor it daily and understand the risks of compounded returns. The recommended holding period of 1 day and the potential for significant losses (up to 100%) further indicate complexity. While the replication method is physical (owning the underlying iShares Core DAX UCITS ETF), the leveraged nature and high risk make it unsuitable for retail investors without specialized knowledge.",
    "confidence": 90
}