{
    "leverage": true,
    "derivatives": true,
    "swaps": false,
    "inverse": true,
    "replication_method": "physical",
    "ucits": false,
    "type": "ETP",
    "complex_factors": [
        "Inverse exposure",
        "Leverage",
        "Short-term trading focus",
        "High risk profile"
    ],
    "classification": "complex",
    "supporting_data": "The product is classified as complex due to its inverse leverage structure (-2x exposure to Tesla stock), which magnifies both gains and losses. The KIID explicitly states it is not suitable for retail investors and requires frequent monitoring. The high risk rating (7/7) and the potential for significant losses (up to 100%) further support this classification. The product's short-term trading focus (recommended holding period of 1 day) and the compounding effect of daily rebalancing add to its complexity. While the replication method is physical (owning underlying assets), the inverse leverage and high-risk nature make it complex under MiFID II.",
    "confidence": 95
}