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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.",
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        "prompt_version": "complex_asset_extract_v1",
        "captured_at_utc": "2026-07-15T07:21:56+00:00",
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    "confidence": 0.88,
    "review_required": false,
    "decision_rule_applied": "strict_etf_swap_complex_rule",
    "product_policy_branch": "ETF",
    "fund_name": "iShares US Large Cap Moderate Buffer Jun UCITS ETF",
    "isin": "IE000CZQJXB8",
    "type": "ETF",
    "ucits": true,
    "asset_class": "Equity",
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    "signals": {
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        "inverse": false,
        "derivatives_mentioned": true,
        "derivatives_core_strategy": true,
        "derivatives_epm_only": false,
        "swaps": true,
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        "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,
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        "priips_comprehension_alert": false,
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        "illiquid_or_hard_to_value_underlying": false,
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        "crypto_digital_asset": false
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        "drivers": [
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            "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": "derivatives_core_strategy",
            "quote": "In order to achieve its investment objective, the Fund will invest in financial derivative instruments (FDIs) ... in particular in unfunded total return swaps which seek to deliver the performance of the Index and listed options in order to implement the Approximate Buffer and Upside Cap."
        },
        {
            "source": "KIID",
            "signal": "swaps",
            "quote": "unfunded total return swaps"
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            "source": "KIID",
            "signal": "unfunded_swap",
            "quote": "unfunded total return swaps"
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            "source": "KIID",
            "signal": "synthetic_replication",
            "quote": "unfunded total return swaps which seek to deliver the performance of the Index"
        },
        {
            "source": "KIID",
            "signal": "structured_payoff",
            "quote": "aims to reflect the price return ... up to an approximate cap on positive performance ... whilst seeking to provide a level of downside protection against negative performance ... the Approximate Buffer"
        },
        {
            "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, the Fund will receive 62.5% of the associated revenue generated"
        }
    ],
    "supporting_data": "ETF has evidenced core or synthetic swap usage. Policy mode: strict. Product type: ETF. UCITS signal identified. Replication method: synthetic.",
    "missing_data": [
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    ],
    "warnings": [
        "counterparty_risk_language_identified"
    ],
    "sources": {
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            "http_code": 200,
            "bytes": 11602,
            "error": null
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            "http_code": 200,
            "bytes": 16477,
            "error": null
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            "url": "https://oppl.ai/apy/doc_store/IE000CZQJXB8_FS.txt",
            "found": false,
            "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=IE000CZQJXB8&size=3",
            "found": true,
            "http_code": 200,
            "bytes": 539,
            "error": null
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}