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    "ok": true,
    "_meta": {
        "isin": "CH1528107811",
        "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.",
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        "prompt_version": "complex_asset_extract_v1",
        "captured_at_utc": "2026-06-18T20:46:19+00:00",
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    "confidence": 0.93,
    "review_required": false,
    "decision_rule_applied": "etp_priips_comprehension_alert_hard_complex_rule",
    "product_policy_branch": "ETP",
    "fund_name": "21shares Strategy Yield ETP (STRC, STRU)",
    "isin": "CH1528107811",
    "type": "ETP",
    "ucits": false,
    "asset_class": "equity_preferred_stock",
    "replication_method": "physical",
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        "inverse": false,
        "derivatives_mentioned": false,
        "derivatives_core_strategy": false,
        "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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        "crypto_digital_asset": false
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        "drivers": [
            "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."
    },
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            "signal": "priips_comprehension_alert",
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            "signal": "counterparty_risk",
            "quote": "In the case of default by the manufacturer the assets it holds as collateral may be realized in order to meet its obligations to investor and the cash proceeds of this will be paid out in the order of priority of payments applicable to the products. These proceeds may not be sufficient to meet all obligations and make all payments due in respect of the securities."
        },
        {
            "source": "KIID",
            "signal": "physical_replication",
            "quote": "This product is a non-interest-bearing bond under Swiss law that is fully secured by holdings of Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (STRC) or other assets denominated therein."
        }
    ],
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    "warnings": [
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            "http_code": 200,
            "bytes": 10516,
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            "bytes": 1251,
            "error": "http_404"
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            "http_code": 404,
            "bytes": 1251,
            "error": "http_404"
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        "market_data": {
            "url": "https://api.londonstockexchange.com/api/gw/lse/search/autocomplete?q=CH1528107811&size=3",
            "found": true,
            "http_code": 200,
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}