{
    "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 (-1x 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 product uses physical replication but involves shorting Tesla stock, which introduces counterparty risk through stock lending. The risk indicator is class 6/7, indicating high risk. The PRIIPs KID confirms this is a high-risk product intended for sophisticated traders who understand leverage and daily rebalancing. The fact that it's not UCITS-compliant and the issuer's warnings about potential total loss further support the complex classification.",
    "confidence": 95
}