{
    "ok": true,
    "_meta": {
        "validator": "oppl_complex_asset_json_validator",
        "validator_version": "1.1.1",
        "captured_at_utc": "2026-08-08T10:17:51+00:00",
        "captured_unix": 1786184271,
        "input_source": "url",
        "input_url": "https://oppl.ai/llms/runs/etf/CH0454664001_ucits_default_latest.json",
        "source_assessment_hash": "e8d18695faa402e63852cbdcb201d8b04defdbd04d380a46e60c8d5e6f8a18c8",
        "agent_enabled": true,
        "agent_provider": "openrouter",
        "agent_model": "gpt-4.1-mini",
        "agent_temperature": 0,
        "agent_max_tokens": 1800,
        "warn_short_agent": true,
        "validator_modes": {
            "deterministic": "executed",
            "agent": "executed"
        }
    },
    "isin": "CH0454664001",
    "classification": "complex",
    "policy_mode": "ucits_default",
    "decision_rule_applied": "etp_priips_comprehension_alert_hard_complex_rule",
    "validator_verdict": "warn",
    "publishable": true,
    "confidence": 0.78,
    "issue_count": 2,
    "issues": [
        {
            "severity": "warn",
            "code": "derivatives_mentioned_without_derivative_evidence",
            "message": "derivatives_mentioned=true but no derivative-related evidence item is present."
        },
        {
            "severity": "warn",
            "code": "derivatives_mentioned_without_derivative_evidence",
            "message": "derivatives_mentioned=true but no derivative-related evidence item is present.",
            "source": "agent"
        }
    ],
    "suggested_repairs": [
        "Add product-specific derivative evidence if derivatives_mentioned=true is to be retained, or set derivatives_mentioned=false if no derivative exposure or permission is evidenced."
    ],
    "deterministic_review": {
        "ok": true,
        "validator_type": "deterministic",
        "validator_verdict": "warn",
        "publishable": true,
        "confidence": 0.78,
        "issues": [
            {
                "severity": "warn",
                "code": "derivatives_mentioned_without_derivative_evidence",
                "message": "derivatives_mentioned=true but no derivative-related evidence item is present."
            }
        ],
        "suggested_repairs": [],
        "decisive_signal_evidence": {
            "checked": true,
            "decision_rule_signal": null,
            "decision_rule_signal_true": null,
            "decision_rule_signal_supported": null,
            "true_hard_signals": [
                "crypto_digital_asset"
            ],
            "supported_hard_signals": [
                "crypto_digital_asset"
            ],
            "unsupported_hard_signals": [],
            "checks": {
                "crypto_digital_asset": {
                    "signal_true": true,
                    "direct_evidence": true,
                    "matching_evidence_count": 2,
                    "decision_rule_uses_signal": false,
                    "matches": [
                        {
                            "index": 1,
                            "source": "FACTSHEET",
                            "evidence_signal": "crypto_digital_asset",
                            "quote": "100% physically backed by Bitcoin (BTC), the largest cryptoasset by market cap, the 21shares Bitcoin ETP (ABTC) tracks the performance of BTC..."
                        },
                        {
                            "index": 3,
                            "source": "FACTSHEET",
                            "evidence_signal": "illiquid_or_hard_to_value_underlying",
                            "quote": "Furthermore, an investment into crypto currencies and/or digital assets may become illiquid depending on the trading platform or investment product used for the specific investment."
                        }
                    ]
                }
            }
        },
        "derivative_materiality": {
            "checked": true,
            "policy_mode": "ucits_default",
            "type": "ETP",
            "ucits": false,
            "physical_replication": false,
            "swaps_signal": false,
            "synthetic_replication": false,
            "derivatives_core_strategy": false,
            "derivatives_epm_only": false,
            "derivative_evidence_count": 0,
            "swap_evidence_count": 0,
            "permission_or_ancillary_evidence_count": 0,
            "core_derivative_evidence_count": 0,
            "only_permission_or_ancillary_derivative_evidence": false,
            "supported_independent_hard_signals": [
                "crypto_digital_asset"
            ]
        },
        "detected_features": {
            "helo_or_core_options_overlay": false,
            "physical_replication": false,
            "has_epm_only_evidence": false,
            "has_core_derivatives_evidence": false,
            "has_generic_fdi_permission_evidence": false,
            "has_option_overlay_evidence": false
        }
    },
    "agent_review": {
        "ok": true,
        "model": "gpt-4.1-mini",
        "temperature": 0,
        "max_tokens": 1800,
        "usage": {
            "prompt_tokens": 2703,
            "completion_tokens": 305,
            "total_tokens": 3008,
            "raw": {
                "prompt_tokens": 2703,
                "completion_tokens": 305,
                "total_tokens": 3008,
                "cost": 0.0015692,
                "is_byok": false,
                "prompt_tokens_details": {
                    "cached_tokens": 0,
                    "cache_write_tokens": 0,
                    "audio_tokens": 0,
                    "video_tokens": 0
                },
                "cost_details": {
                    "upstream_inference_cost": 0.0015692,
                    "upstream_inference_prompt_cost": 0.0010812,
                    "upstream_inference_completions_cost": 0.000488
                },
                "completion_tokens_details": {
                    "reasoning_tokens": 0,
                    "image_tokens": 0,
                    "audio_tokens": 0
                }
            }
        },
        "cost": {
            "estimated": false,
            "actual_provider_cost_available": true,
            "model": "gpt-4.1-mini",
            "prompt_tokens": 2703,
            "completion_tokens": 305,
            "total_tokens": 3008,
            "input_cost_usd": 0.0010812,
            "output_cost_usd": 0.000488,
            "estimated_cost_usd": 0.0015692,
            "pricing_basis": "openrouter_usage_cost"
        },
        "review": {
            "validator_verdict": "warn",
            "publishable": true,
            "confidence": 0.93,
            "summary": "The assessment is internally consistent and publishable. The classification as complex is supported primarily by the PRIIPs comprehension alert and crypto/digital asset exposure signals, both well evidenced. There is a minor inconsistency in that derivatives_mentioned=true but no derivative-specific evidence is provided, though derivatives_core_strategy and derivatives_epm_only are false, so no hard-complex derivative signals are unsupported. No conflict exists between derivatives_epm_only and derivatives_core_strategy. The counterparty risk signal is supported by product-specific evidence and does not overstate OTC swap exposure. The product is a physical replication ETP with no synthetic or core derivative strategy, consistent with policy. No HELO or option overlay evidence is present, so no reclassification needed. The client-facing JSON is publishable as-is. No repairs are strictly required, but adding derivative-related evidence or clarifying the derivatives_mentioned signal would improve clarity.",
            "issues": [
                {
                    "severity": "warn",
                    "code": "derivatives_mentioned_without_derivative_evidence",
                    "message": "derivatives_mentioned=true but no derivative-related evidence item is present."
                }
            ],
            "suggested_repairs": [
                "Add product-specific derivative evidence if derivatives_mentioned=true is to be retained, or set derivatives_mentioned=false if no derivative exposure or permission is evidenced."
            ]
        }
    }
}