{
    "ok": true,
    "_meta": {
        "validator": "oppl_complex_asset_json_validator",
        "validator_version": "1.1.1",
        "captured_at_utc": "2026-08-08T12:10:43+00:00",
        "captured_unix": 1786191043,
        "input_source": "url",
        "input_url": "https://oppl.ai/llms/runs/etf/IE000OV4XWA3_balanced_latest.json",
        "source_assessment_hash": "1527c5286853735ae25fea0ad2f78a525eb26a2161678adbb2eaaec784105aa9",
        "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": "IE000OV4XWA3",
    "classification": "complex",
    "policy_mode": "balanced",
    "decision_rule_applied": "etf_leveraged_hard_complex_rule",
    "validator_verdict": "fail",
    "publishable": false,
    "confidence": 0.92,
    "issue_count": 4,
    "issues": [
        {
            "severity": "fail",
            "code": "hard_complex_signal_without_direct_evidence_synthetic_replication",
            "message": "signals.synthetic_replication=true but no supporting_evidence quote directly substantiates that hard-complex feature."
        },
        {
            "severity": "fail",
            "code": "hard_complex_signal_without_direct_evidence_complex_index",
            "message": "signals.complex_index=true but no supporting_evidence quote directly substantiates that hard-complex feature."
        },
        {
            "severity": "fail",
            "code": "hard_complex_signal_without_direct_evidence_synthetic_replication",
            "message": "signals.synthetic_replication=true but no supporting_evidence quote directly substantiates that hard-complex feature.",
            "source": "agent"
        },
        {
            "severity": "fail",
            "code": "hard_complex_signal_without_direct_evidence_complex_index",
            "message": "signals.complex_index=true but no supporting_evidence quote directly substantiates that hard-complex feature.",
            "source": "agent"
        }
    ],
    "suggested_repairs": [
        "Remove or downgrade unsupported synthetic_replication, or add product-specific evidence that directly proves the feature before using it as a hard complex trigger.",
        "Remove or downgrade unsupported complex_index, or add product-specific evidence that directly proves the feature before using it as a hard complex trigger.",
        "Remove or downgrade unsupported synthetic_replication signal or add product-specific evidence that directly proves synthetic replication before using it as a hard complex trigger.",
        "Remove or downgrade unsupported complex_index signal or add product-specific evidence that directly proves complex index features before using it as a hard complex trigger."
    ],
    "deterministic_review": {
        "ok": true,
        "validator_type": "deterministic",
        "validator_verdict": "fail",
        "publishable": false,
        "confidence": 0.92,
        "issues": [
            {
                "severity": "fail",
                "code": "hard_complex_signal_without_direct_evidence_synthetic_replication",
                "message": "signals.synthetic_replication=true but no supporting_evidence quote directly substantiates that hard-complex feature."
            },
            {
                "severity": "fail",
                "code": "hard_complex_signal_without_direct_evidence_complex_index",
                "message": "signals.complex_index=true but no supporting_evidence quote directly substantiates that hard-complex feature."
            }
        ],
        "suggested_repairs": [
            "Remove or downgrade unsupported synthetic_replication, or add product-specific evidence that directly proves the feature before using it as a hard complex trigger.",
            "Remove or downgrade unsupported complex_index, or add product-specific evidence that directly proves the feature before using it as a hard complex trigger."
        ],
        "decisive_signal_evidence": {
            "checked": true,
            "decision_rule_signal": "leveraged",
            "decision_rule_signal_true": true,
            "decision_rule_signal_supported": true,
            "true_hard_signals": [
                "leveraged",
                "synthetic_replication",
                "complex_index"
            ],
            "supported_hard_signals": [
                "leveraged"
            ],
            "unsupported_hard_signals": [
                "synthetic_replication",
                "complex_index"
            ],
            "checks": {
                "leveraged": {
                    "signal_true": true,
                    "direct_evidence": true,
                    "matching_evidence_count": 3,
                    "decision_rule_uses_signal": true,
                    "matches": [
                        {
                            "index": 0,
                            "source": "FACTSHEET",
                            "evidence_signal": "leveraged",
                            "quote": "This ETF contains elements of leverage that could lead to significantly magnified losses in comparison to investments that do not incorporate leverage."
                        },
                        {
                            "index": 1,
                            "source": "PRIIPS_KID",
                            "evidence_signal": "derivatives_core_strategy",
                            "quote": "The index is designed to track the performance of a 90 % exposure to large and mid -cap eurozone equities, and 60 % to euro denominated government bond futures contracts, effectively delivering a leveraged position to the traditional 60 /40 portfolio ."
                        },
                        {
                            "index": 2,
                            "source": "KIID",
                            "evidence_signal": "complex_index",
                            "quote": "The Index is designed to track the performance of a 90% exposure to large and mid-cap eurozone equities, and 60% to euro-denominated government bond future contracts, effectively delivering a leveraged position to the traditional 60/40 portfolio."
                        }
                    ]
                },
                "synthetic_replication": {
                    "signal_true": true,
                    "direct_evidence": false,
                    "matching_evidence_count": 0,
                    "decision_rule_uses_signal": false,
                    "matches": []
                },
                "complex_index": {
                    "signal_true": true,
                    "direct_evidence": false,
                    "matching_evidence_count": 0,
                    "decision_rule_uses_signal": false,
                    "matches": []
                }
            }
        },
        "derivative_materiality": {
            "checked": true,
            "policy_mode": "balanced",
            "type": "ETF",
            "ucits": true,
            "physical_replication": false,
            "swaps_signal": false,
            "synthetic_replication": true,
            "derivatives_core_strategy": true,
            "derivatives_epm_only": false,
            "derivative_evidence_count": 1,
            "swap_evidence_count": 0,
            "permission_or_ancillary_evidence_count": 0,
            "core_derivative_evidence_count": 1,
            "only_permission_or_ancillary_derivative_evidence": false,
            "supported_independent_hard_signals": [
                "leveraged"
            ]
        },
        "detected_features": {
            "helo_or_core_options_overlay": false,
            "physical_replication": false,
            "has_epm_only_evidence": false,
            "has_core_derivatives_evidence": true,
            "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": 3065,
            "completion_tokens": 382,
            "total_tokens": 3447,
            "raw": {
                "prompt_tokens": 3065,
                "completion_tokens": 382,
                "total_tokens": 3447,
                "cost": 0.0018372,
                "is_byok": false,
                "prompt_tokens_details": {
                    "cached_tokens": 0,
                    "cache_write_tokens": 0,
                    "audio_tokens": 0,
                    "video_tokens": 0
                },
                "cost_details": {
                    "upstream_inference_cost": 0.0018372,
                    "upstream_inference_prompt_cost": 0.001226,
                    "upstream_inference_completions_cost": 0.0006112
                },
                "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": 3065,
            "completion_tokens": 382,
            "total_tokens": 3447,
            "input_cost_usd": 0.001226,
            "output_cost_usd": 0.0006112,
            "estimated_cost_usd": 0.0018372,
            "pricing_basis": "openrouter_usage_cost"
        },
        "review": {
            "validator_verdict": "fail",
            "publishable": false,
            "confidence": 0.93,
            "summary": "The assessment classifies the product as complex based on leveraged exposure, synthetic replication, and complex index signals. However, only the leveraged signal is directly supported by product-specific evidence. The synthetic_replication and complex_index signals lack direct supporting evidence in the quotes, violating policy requirements for hard-complex signals. There is no conflict between derivatives_epm_only and derivatives_core_strategy flags. The derivative wording in evidence supports a core derivative strategy via leveraged exposure but does not prove synthetic replication or complex index features. The product is physically replicated and does not have HELO or option overlay strategies, so no reclassification is needed on that basis. The client-facing JSON is not publishable as-is due to unsupported hard-complex signals. Suggested repairs include removing or downgrading unsupported synthetic_replication and complex_index signals or adding direct product-specific evidence to substantiate them.",
            "issues": [
                {
                    "severity": "fail",
                    "code": "hard_complex_signal_without_direct_evidence_synthetic_replication",
                    "message": "signals.synthetic_replication=true but no supporting_evidence quote directly substantiates that hard-complex feature."
                },
                {
                    "severity": "fail",
                    "code": "hard_complex_signal_without_direct_evidence_complex_index",
                    "message": "signals.complex_index=true but no supporting_evidence quote directly substantiates that hard-complex feature."
                }
            ],
            "suggested_repairs": [
                "Remove or downgrade unsupported synthetic_replication signal or add product-specific evidence that directly proves synthetic replication before using it as a hard complex trigger.",
                "Remove or downgrade unsupported complex_index signal or add product-specific evidence that directly proves complex index features before using it as a hard complex trigger."
            ]
        }
    }
}