{
    "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 volatility risk",
        "Short-term holding recommendation"
    ],
    "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 asset's performance over time. The product is designed for sophisticated investors who can monitor positions intraday and understand the risks of leveraged products. The risk indicator is at the highest level (7/7), and the product is not suitable for retail investors without specialized knowledge. The physical replication method does not mitigate complexity due to the leveraged nature and the requirement for active management to maintain the 3x exposure. The product's structure and risks are not easily understandable by typical retail investors, aligning with MiFID II's criteria for complexity.",
    "confidence": 95
}