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        "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": "2026-06-27T14:49:31+00:00",
        "captured_unix": 1782571771
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    "confidence": 0.88,
    "review_required": false,
    "decision_rule_applied": "strict_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"
    ],
    "consumer_understanding": {
        "risk_level": "elevated",
        "drivers": [
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            "Counterparty exposure may be relevant to returns or risk",
            "Derivatives appear core to the investment strategy",
            "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": "swaps",
            "quote": "The Fund intends to use unfunded swaps (\u201c Swaps \u201d)."
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        {
            "source": "KIID",
            "signal": "unfunded_swap",
            "quote": "The Fund intends to use unfunded swaps (\u201c Swaps \u201d)."
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        {
            "source": "KIID",
            "signal": "synthetic_replication",
            "quote": "The Fund will seek to replicate the Solactive SONIA T+2 Settlement Daily Total Return Index ... The Fund intends to use unfunded swaps ... the performance of the Index is swapped from the counterparty to the Fund in exchange for the performance of equities and equity related securities held by the Fund."
        },
        {
            "source": "KIID",
            "signal": "derivatives_core_strategy",
            "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 ... The performance of the Index is swapped from the counterparty to the Fund in exchange for the performance of equities and equity related securities held by the Fund."
        },
        {
            "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": "KIID",
            "signal": "derivatives_mentioned",
            "quote": "The Fund intends to use unfunded swaps (\u201c Swaps \u201d)."
        },
        {
            "source": "FACTSHEET",
            "signal": "synthetic_replication",
            "quote": "Replication method Synthetic"
        },
        {
            "source": "FACTSHEET",
            "signal": "swaps",
            "quote": "Swap fee -0.46% p.a."
        }
    ],
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        "clo_exposure",
        "complex_index",
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        "securities_lending",
        "illiquid_or_hard_to_value_underlying",
        "physical_allocated_commodity",
        "crypto_digital_asset"
    ],
    "warnings": [
        "counterparty_risk_language_identified"
    ],
    "sources": {
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            "url": "https://oppl.ai/apy/doc_store/IE0006N7AK90_KIID.txt",
            "found": true,
            "http_code": 200,
            "bytes": 10881,
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            "http_code": 200,
            "bytes": 15044,
            "error": null
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        "factsheet": {
            "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": {
            "url": "https://api.londonstockexchange.com/api/gw/lse/search/autocomplete?q=IE0006N7AK90&size=3",
            "found": true,
            "http_code": 200,
            "bytes": 291,
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}