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        "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": "2026-06-10T20:13:15+00:00",
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    "review_required": false,
    "decision_rule_applied": "balanced_etf_swap_complex_rule",
    "product_policy_branch": "ETF",
    "fund_name": "iShares MSCI World Swap UCITS ETF",
    "isin": "IE000512B9Q8",
    "type": "ETF",
    "ucits": true,
    "asset_class": "Equity",
    "replication_method": "synthetic",
    "signals": {
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        "inverse": false,
        "derivatives_mentioned": true,
        "derivatives_core_strategy": true,
        "derivatives_epm_only": false,
        "swaps": true,
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        "counterparty_risk": true,
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        "capital_protection": false,
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        "contango_backwardation": false,
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        "clo_exposure": false,
        "complex_index": false,
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            "Counterparty exposure may be relevant to returns or risk",
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            "Valuation and market structure may be difficult for ordinary retail clients to assess",
            "Derivatives appear core to the investment strategy",
            "Counterparty risk language identified"
        ],
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        "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": "swaps",
            "quote": "enter into unfunded total return swaps"
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            "quote": "enter into unfunded total return swaps"
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        {
            "source": "KIID",
            "signal": "derivatives_core_strategy",
            "quote": "enter into unfunded total return swaps in order to achieve its investment objective."
        },
        {
            "source": "FACTSHEET",
            "signal": "synthetic_replication",
            "quote": "Product Structure: Synthetic"
        },
        {
            "source": "KIID",
            "signal": "counterparty_risk",
            "quote": "Counterparty Risk: The insolvency of any institutions providing services such as safekeeping of assets or acting as counterparty to derivatives or other instruments, may expose the Share Class to financial loss."
        },
        {
            "source": "KIID",
            "signal": "securities_lending",
            "quote": "To the extent the Fund undertakes securities lending to reduce costs"
        }
    ],
    "supporting_data": "ETF has evidenced swap usage. Policy mode: balanced. Product type: ETF. UCITS signal identified. Replication method: synthetic.",
    "missing_data": [],
    "warnings": [
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    ],
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            "http_code": 200,
            "bytes": 11336,
            "error": null
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            "http_code": 200,
            "bytes": 15055,
            "error": null
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            "found": true,
            "http_code": 200,
            "bytes": 11429,
            "error": null
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        "market_data": {
            "url": "https://api.londonstockexchange.com/api/gw/lse/search/autocomplete?q=IE000512B9Q8&size=3",
            "found": true,
            "http_code": 200,
            "bytes": 287,
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