{ "ok": true, "_meta": { "validator": "oppl_complex_asset_json_validator", "validator_version": "1.1.20", "captured_at_utc": "2026-08-10T09:11:23+00:00", "captured_unix": 1786353083, "input_source": "url", "input_url": "https://oppl.ai/llms/runs/etf/IE00BCLWRG39_balanced_latest.json", "source_assessment_hash": "e915d67bafff273897692b389643acb7be194e83f34544d516543ea21bc08874", "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": "IE00BCLWRG39", "classification": "non-complex", "policy_mode": "balanced", "decision_rule_applied": "etf_ucits_physical_no_complex_override_rule", "source_classification": null, "source_decision_rule_applied": null, "resolution": { "applied": false }, "validator_verdict": "warn", "publishable": true, "confidence": 0.78, "issue_count": 1, "issues": [ { "severity": "warn", "code": "physical_rule_without_direct_physical_evidence", "message": "decision_rule_applied explicitly asserts physical replication, but no product-specific supporting evidence quote directly substantiates physical/direct replication. This is a rule-specificity evidence gap and does not by itself invalidate an otherwise coherent non-complex classification." } ], "suggested_repairs": [ "Add product-specific physical/direct replication evidence, or use a more general UCITS no-complex-override rule that does not assert physical replication." ], "reassessment": { "required": false }, "deterministic_review": { "ok": true, "validator_type": "deterministic", "validator_verdict": "warn", "publishable": true, "confidence": 0.78, "issues": [ { "severity": "warn", "code": "physical_rule_without_direct_physical_evidence", "message": "decision_rule_applied explicitly asserts physical replication, but no product-specific supporting evidence quote directly substantiates physical/direct replication. This is a rule-specificity evidence gap and does not by itself invalidate an otherwise coherent non-complex classification." } ], "suggested_repairs": [ "Add product-specific physical/direct replication evidence, or use a more general UCITS no-complex-override rule that does not assert physical replication." ], "reassessment": { "required": false }, "resolution": { "applied": false }, "decisive_signal_evidence": { "checked": true, "decision_rule_signal": null, "decision_rule_signal_true": null, "decision_rule_signal_supported": null, "decision_rule_matching_evidence_count": null, "decision_rule_matches": [], "true_hard_signals": [], "supported_hard_signals": [], "unsupported_hard_signals": [], "checks": [] }, "derivative_materiality": { "checked": true, "policy_mode": "balanced", "type": "ETF", "ucits": true, "physical_replication": true, "swaps_signal": false, "synthetic_replication": false, "derivatives_core_strategy": false, "derivatives_epm_only": true, "derivative_evidence_count": 3, "swap_evidence_count": 0, "permission_or_ancillary_evidence_count": 2, "core_derivative_evidence_count": 0, "only_permission_or_ancillary_derivative_evidence": false, "supported_independent_hard_signals": [] }, "source_decisive_signal_evidence": null, "source_derivative_materiality": null, "detected_features": { "helo_or_core_options_overlay": false, "physical_replication": true, "physical_replication_direct_evidence": false, "physical_replication_evidence_count": 0, "has_epm_only_evidence": true, "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": 4565, "completion_tokens": 359, "total_tokens": 4924, "raw": { "prompt_tokens": 4565, "completion_tokens": 359, "total_tokens": 4924, "cost": 0.0018244, "is_byok": false, "prompt_tokens_details": { "cached_tokens": 1920, "cache_write_tokens": 0, "audio_tokens": 0, "video_tokens": 0 }, "cost_details": { "upstream_inference_cost": 0.0018244, "upstream_inference_prompt_cost": 0.00125, "upstream_inference_completions_cost": 0.0005744 }, "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": 4565, "completion_tokens": 359, "total_tokens": 4924, "input_cost_usd": 0.00125, "output_cost_usd": 0.0005744, "estimated_cost_usd": 0.0018244, "pricing_basis": "openrouter_usage_cost" }, "review": { "validator_verdict": "warn", "publishable": true, "confidence": 0.8, "summary": "The assessment is internally consistent with a non-complex classification under the balanced policy mode and the etf_ucits_physical_no_complex_override_rule decision rule. The derivatives_epm_only signal is supported by product-specific evidence indicating ancillary/hedging use of derivatives, and no core derivative strategy evidence is present. The derivatives_core_strategy flag is false and correctly unsupported by evidence. The derivatives_epm_only=true flag is supported by direct product-specific EPM/hedging evidence, so no warning on unsupported EPM flag is needed. The physical replication rule is applied but lacks direct product-specific physical replication evidence quotes, triggering a warning but not invalidating the classification. Counterparty risk and securities lending signals are supported by evidence. No conflicts exist between derivatives_epm_only and derivatives_core_strategy flags. The supporting evidence quotes match their signal labels. No repair is strictly required but recommended for evidence completeness. The applied decision rule asserts physical replication, but deterministic evidence does not directly substantiate physical/direct replication; treat this as a publishable rule-specificity evidence warning rather than a classification contradiction.", "issues": [ { "severity": "warn", "code": "physical_rule_without_direct_physical_evidence", "message": "decision_rule_applied explicitly asserts physical replication, but no product-specific supporting evidence quote directly substantiates physical/direct replication. This is a rule-specificity evidence gap and does not by itself invalidate an otherwise coherent non-complex classification." } ], "suggested_repairs": [ "Add product-specific physical/direct replication evidence, or use a more general UCITS no-complex-override rule that does not assert physical replication." ] } } }