{
    "type": "ETP",
    "ucits": false,
    "replication_method": "physical",
    "leverage": true,
    "inverse": true,
    "derivatives": false,
    "swaps": false,
    "complex_factors": [
        "Leverage (-3x)",
        "Inverse exposure",
        "Short-term trading focus (1-day holding period)",
        "High risk profile (risk indicator 7/7)",
        "Potential for significant losses due to compounding effect"
    ],
    "classification": "complex",
    "supporting_data": "The product is classified as complex due to its leveraged (-3x) and inverse nature, which magnifies returns and risks. The recommended holding period of 1 day and the high risk indicator (7/7) further support this classification. While the replication method is physical (owning the underlying assets), the leveraged and inverse strategies introduce significant complexity that may not be easily understood by retail investors. The product's structure and risk profile align with MiFID II's criteria for complex financial instruments.",
    "confidence": 90
}