{
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        "isin": "IE0006N7AK90",
        "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": "2026-06-17T09:13:12+00:00",
        "captured_unix": 1781687592
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    "confidence": 0.88,
    "review_required": false,
    "decision_rule_applied": "balanced_etf_swap_complex_rule",
    "product_policy_branch": "ETF",
    "fund_name": "Invesco GBP Overnight Return Swap UCITS ETF",
    "isin": "IE0006N7AK90",
    "type": "ETF",
    "ucits": true,
    "asset_class": "cash / money market",
    "replication_method": "synthetic",
    "signals": {
        "leveraged": false,
        "inverse": false,
        "derivatives_mentioned": true,
        "derivatives_core_strategy": true,
        "derivatives_epm_only": false,
        "swaps": true,
        "funded_swap": true,
        "unfunded_swap": true,
        "synthetic_replication": true,
        "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": false,
        "securities_lending": false,
        "illiquid_or_hard_to_value_underlying": false,
        "physical_allocated_commodity": false,
        "crypto_digital_asset": false
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        "No leverage identified",
        "No inverse exposure identified"
    ],
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        "drivers": [
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            "Counterparty exposure may be relevant to returns or risk",
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            "Counterparty risk language identified"
        ],
        "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."
    },
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            "signal": "synthetic_replication",
            "quote": "The Fund intends to use unfunded swaps (\u201c Swaps \u201d). These Swaps are an agreement between the Fund and an approved counterparty to exchange one stream of cash flows against another stream but do not require the Fund to provide collateral, on the basis that the Fund has already invested in a basket of equities (namely shares) and equity related securities."
        },
        {
            "source": "KIID",
            "signal": "swaps",
            "quote": "The Fund intends to use unfunded swaps (\u201c Swaps \u201d)."
        },
        {
            "source": "KIID",
            "signal": "unfunded_swap",
            "quote": "The Fund intends to use unfunded swaps (\u201c Swaps \u201d)."
        },
        {
            "source": "KIID",
            "signal": "derivatives_core_strategy",
            "quote": "To achieve the investment objective, the Fund will seek to replicate the Solactive SONIA T+2 Settlement Daily Total Return Index (the \u201c Index \u201d) less fees, expenses and transactions costs. The Fund intends to use unfunded swaps (\u201c Swaps \u201d)."
        },
        {
            "source": "KIID",
            "signal": "counterparty_risk",
            "quote": "The insolvency of any institutions providing services such as safekeeping of assets or acting as counterparty to derivatives or other instruments, may expose the Fund to financial loss."
        },
        {
            "source": "FACTSHEET",
            "signal": "synthetic_replication",
            "quote": "Replication method Synthetic"
        },
        {
            "source": "FACTSHEET",
            "signal": "derivatives_core_strategy",
            "quote": "The Fund intends to purchase securities that are not contained in the Index and will enter into Swap agreements to exchange the performance of those securities for the performance of the Index."
        }
    ],
    "supporting_data": "ETF has evidenced core or synthetic swap usage. Policy mode: balanced. Product type: ETF. UCITS signal identified. Replication method: synthetic.",
    "missing_data": [],
    "warnings": [
        "counterparty_risk_language_identified"
    ],
    "sources": {
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            "http_code": 200,
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            "http_code": 200,
            "bytes": 15044,
            "error": null
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            "url": "https://oppl.ai/apy/doc_store/IE0006N7AK90_FS.txt",
            "found": true,
            "http_code": 200,
            "bytes": 11066,
            "error": null
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        "market_data": {
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            "found": true,
            "http_code": 200,
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