{
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        "isin": "IE000ZDPZL69",
        "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": "2026-05-26T10:12:37+00:00",
        "captured_unix": 1779790357
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    "classification": "complex",
    "confidence": 0.93,
    "review_required": false,
    "decision_rule_applied": "etf_structured_payoff_hard_complex_rule",
    "product_policy_branch": "ETF",
    "fund_name": "Calamos Autocallable Income UCITS ETF",
    "isin": "IE000ZDPZL69",
    "type": "ETF",
    "ucits": true,
    "asset_class": "equity",
    "replication_method": "synthetic",
    "signals": {
        "leveraged": false,
        "inverse": false,
        "derivatives_mentioned": true,
        "derivatives_core_strategy": true,
        "derivatives_epm_only": false,
        "swaps": true,
        "funded_swap": false,
        "unfunded_swap": true,
        "synthetic_replication": true,
        "counterparty_risk": true,
        "structured_payoff": true,
        "capital_protection": true,
        "commodity_futures_roll": false,
        "contango_backwardation": false,
        "coco_or_at1_exposure": false,
        "clo_exposure": false,
        "complex_index": true,
        "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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        "risk_level": "high",
        "drivers": [
            "Synthetic or swap-based exposure",
            "Counterparty exposure may be relevant to returns or risk",
            "Structured payoff mechanics",
            "Returns may depend on conditional payoff features",
            "Capital protection or guarantee language",
            "Protection terms may depend on conditions or issuer credit quality",
            "Complex or rules-based index methodology",
            "Index performance may depend on dynamic allocation or strategy rules",
            "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 Total Return Swaps"
        },
        {
            "source": "KIID",
            "signal": "unfunded_swap",
            "quote": "unfunded Total Return Swaps"
        },
        {
            "source": "KIID",
            "signal": "synthetic_replication",
            "quote": "Total Return Swaps which will seek to deliver a return that reflects the performance of the Benchmark Index"
        },
        {
            "source": "KIID",
            "signal": "structured_payoff",
            "quote": "synthetic autocallable notes (each an 'Autocallable') (which have the MerQube US Large-Cap Vol Advantage Index as the reference underlying asset). An Autocallable is an instrument that combines features of a bond with a derivative"
        },
        {
            "source": "KIID",
            "signal": "complex_index",
            "quote": "MerQube US Large-Cap Vol Advantage Autocallable Index"
        },
        {
            "source": "KIID",
            "signal": "derivatives_core_strategy",
            "quote": "The purpose of the Total Return Swaps for the Fund is to gain exposure to the return on the Benchmark Index"
        },
        {
            "source": "KIID",
            "signal": "counterparty_risk",
            "quote": "Total Return Swap counterparties"
        }
    ],
    "supporting_data": "Hard complex product feature identified: Structured payoff. Policy mode: strict. Product type: ETF. UCITS signal identified. Replication method: synthetic.",
    "missing_data": [
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        "priips_comprehension_alert",
        "securities_lending",
        "illiquid_or_hard_to_value_underlying"
    ],
    "warnings": [
        "counterparty_risk_language_identified"
    ],
    "sources": {
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            "url": "https://oppl.ai/apy/doc_store/IE000ZDPZL69_KIID.txt",
            "found": true,
            "http_code": 200,
            "bytes": 12360,
            "error": null
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            "url": "https://oppl.ai/eu_kiids/en_txt/IE000ZDPZL69.txt",
            "found": false,
            "http_code": 404,
            "bytes": 1251,
            "error": "http_404"
        },
        "factsheet": {
            "url": "https://oppl.ai/apy/doc_store/IE000ZDPZL69_FS.txt",
            "found": true,
            "http_code": 200,
            "bytes": 215,
            "error": null
        },
        "market_data": {
            "url": "https://api.londonstockexchange.com/api/gw/lse/search/autocomplete?q=IE000ZDPZL69&size=3",
            "found": true,
            "http_code": 200,
            "bytes": 558,
            "error": null
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}