{
    "ok": true,
    "_meta": {
        "isin": "CH0348206399",
        "asset_scope": "UK_COMPLEX_ASSET",
        "policy_mode": "balanced",
        "policy_mode_description": "UCITS ETFs usually start from a non-complex baseline, but product-level complexity such as synthetic replication, swaps, leverage, inverse exposure, complex debt, commodity roll exposure, or comprehension warnings can override that baseline.",
        "classification_engine_version": "1.0.0",
        "prompt_version": "complex_asset_extract_v1",
        "captured_at_utc": "2026-06-17T12:37:24+00:00",
        "captured_unix": 1781699844
    },
    "classification": "complex",
    "confidence": 0.82,
    "review_required": true,
    "decision_rule_applied": "etn_default_complex_rule",
    "product_policy_branch": "ETN",
    "fund_name": "UBS ETC (CMCI EX AGRI & LIVS CAP) USD",
    "isin": "CH0348206399",
    "type": "ETN",
    "ucits": false,
    "asset_class": "commodity",
    "replication_method": null,
    "signals": {
        "leveraged": false,
        "inverse": false,
        "derivatives_mentioned": true,
        "derivatives_core_strategy": true,
        "derivatives_epm_only": false,
        "swaps": false,
        "funded_swap": false,
        "unfunded_swap": false,
        "synthetic_replication": false,
        "counterparty_risk": true,
        "structured_payoff": false,
        "capital_protection": false,
        "commodity_futures_roll": false,
        "contango_backwardation": false,
        "coco_or_at1_exposure": false,
        "clo_exposure": false,
        "complex_index": false,
        "priips_comprehension_alert": true,
        "securities_lending": false,
        "illiquid_or_hard_to_value_underlying": false,
        "physical_allocated_commodity": false,
        "crypto_digital_asset": false
    },
    "complex_factors": [
        "ETN wrapper"
    ],
    "non_complex_factors": [],
    "consumer_understanding": {
        "risk_level": "high",
        "drivers": [
            "Derivatives appear core to the investment strategy",
            "Counterparty risk language identified",
            "PRIIPs comprehension alert language"
        ],
        "plain_english_explanation": "The available evidence identifies features that may affect ordinary retail investor understanding. The assessment describes product-level mechanics only and does not judge the knowledge or experience of a specific client.",
        "appropriateness_note": "This is a product-level indicator of features that may affect general investor understanding. It does not determine whether the product is appropriate for a specific client and does not replace a client-specific appropriateness assessment."
    },
    "supporting_evidence": [
        {
            "source": "KIID",
            "signal": "priips_comprehension_alert",
            "quote": "You are about to purchase a product that is not simple and may be difficult to understand."
        },
        {
            "source": "KIID",
            "signal": "structured_payoff",
            "quote": "Your specified entitlement under this product, i.e. your right to demand from the Issuer payment of the Redemption Amount, must be exercised in accordance with a predefined exercise procedure."
        },
        {
            "source": "KIID",
            "signal": "counterparty_risk",
            "quote": "You are exposed to the risk that the Issuer might be unable to fulfil its obligations in respect of the product \u2013 e.g. in the event of insolvency (inability to pay / over-indebtedness) or an administrative order of resolution measures."
        },
        {
            "source": "KIID",
            "signal": "derivatives_core_strategy",
            "quote": "Objective of the product is to provide you with a specified entitlement according to predefined conditions."
        }
    ],
    "supporting_data": "ETN wrapper identified. Policy mode: balanced. Product type: ETN. UCITS signal not identified.",
    "missing_data": [
        "priips_kid",
        "replication_method",
        "swaps",
        "synthetic_replication",
        "commodity_futures_roll"
    ],
    "warnings": [
        "etn_review_required"
    ],
    "sources": {
        "kiid": {
            "url": "https://oppl.ai/apy/doc_store/CH0348206399_KIID.txt",
            "found": true,
            "http_code": 200,
            "bytes": 13929,
            "error": null
        },
        "priips_kid": {
            "url": "https://oppl.ai/eu_kiids/en_txt/CH0348206399.txt",
            "found": false,
            "http_code": 404,
            "bytes": 1251,
            "error": "http_404"
        },
        "factsheet": {
            "url": "https://oppl.ai/apy/doc_store/CH0348206399_FS.txt",
            "found": true,
            "http_code": 200,
            "bytes": 62,
            "error": null
        },
        "market_data": {
            "url": "https://api.londonstockexchange.com/api/gw/lse/search/autocomplete?q=CH0348206399&size=3",
            "found": true,
            "http_code": 200,
            "bytes": 268,
            "error": null
        }
    }
}