{
    "ok": true,
    "_meta": {
        "isin": "CH0348206407",
        "asset_scope": "UK_COMPLEX_ASSET",
        "policy_mode": "strict",
        "policy_mode_description": "Any material derivative, swap, synthetic, complex underlying, structured payoff, roll-cost, leverage, inverse, or PRIIPs warning signal can drive complex classification.",
        "classification_engine_version": "1.0.0",
        "prompt_version": "complex_asset_extract_v1",
        "captured_at_utc": "2026-06-27T07:10:07+00:00",
        "captured_unix": 1782544207
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    "confidence": 0.93,
    "review_required": false,
    "decision_rule_applied": "etc_priips_comprehension_alert_hard_complex_rule",
    "product_policy_branch": "ETC",
    "fund_name": "Open End Tracker Certificates linked to UBS CMCI Ex-Agriculture Ex-Livestock Capped GBP Monthly Hedged Total Return Index",
    "isin": "CH0348206407",
    "type": "ETC",
    "ucits": false,
    "asset_class": "commodity",
    "replication_method": "synthetic",
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        "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,
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        "securities_lending": false,
        "illiquid_or_hard_to_value_underlying": false,
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        "crypto_digital_asset": false
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        "No leverage identified",
        "No inverse exposure identified"
    ],
    "consumer_understanding": {
        "risk_level": "high",
        "drivers": [
            "Synthetic or swap-based exposure",
            "Counterparty exposure may be relevant to returns or risk",
            "Derivatives appear core to the investment strategy",
            "Counterparty risk language identified",
            "PRIIPs comprehension alert language"
        ],
        "plain_english_explanation": "The product appears to use synthetic or swap-based exposure. This may be difficult for ordinary retail clients to understand because returns can depend not only on the referenced market exposure but also on derivative mechanics, collateral arrangements and counterparty risk.",
        "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": [
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            "source": "PRIIPS_KID",
            "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": "counterparty_risk",
            "quote": "If we are not able to pay you what is owed, you could lose your entire investment."
        },
        {
            "source": "KIID",
            "signal": "derivatives_core_strategy",
            "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."
        }
    ],
    "supporting_data": "Hard complex product feature identified: PRIIPs comprehension alert. Policy mode: strict. Product type: ETC. UCITS signal not identified. Replication method: synthetic.",
    "missing_data": [
        "priips_kid",
        "Replication method not explicitly stated as synthetic; inferred from product type (tracker certificate).",
        "No explicit mention of swaps or synthetic replication."
    ],
    "warnings": [
        "counterparty_risk_language_identified"
    ],
    "sources": {
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            "url": "https://oppl.ai/apy/doc_store/CH0348206407_KIID.txt",
            "found": true,
            "http_code": 200,
            "bytes": 14085,
            "error": null
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            "url": "https://oppl.ai/eu_kiids/en_txt/CH0348206407.txt",
            "found": false,
            "http_code": 404,
            "bytes": 1251,
            "error": "http_404"
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        "factsheet": {
            "url": "https://oppl.ai/apy/doc_store/CH0348206407_FS.txt",
            "found": true,
            "http_code": 200,
            "bytes": 62,
            "error": null
        },
        "market_data": {
            "url": "https://api.londonstockexchange.com/api/gw/lse/search/autocomplete?q=CH0348206407&size=3",
            "found": true,
            "http_code": 200,
            "bytes": 268,
            "error": null
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}