{
    "ok": true,
    "_meta": {
        "validator": "oppl_complex_asset_json_validator",
        "validator_version": "1.1.20",
        "captured_at_utc": "2026-08-10T09:03:41+00:00",
        "captured_unix": 1786352621,
        "input_source": "url",
        "input_url": "https://oppl.ai/llms/runs/etf/IE00BGDPWW94_ucits_default_latest.json",
        "source_assessment_hash": "0cd44a1ccfe7b1e30f4d640fbe860a6f48acdd8201daeddccd53cae3d75cd83a",
        "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": "IE00BGDPWW94",
    "classification": "non-complex",
    "policy_mode": "ucits_default",
    "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": 3,
    "issues": [
        {
            "severity": "warn",
            "code": "derivatives_mentioned_without_derivative_evidence",
            "message": "derivatives_mentioned=true but no derivative-related evidence item is present."
        },
        {
            "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."
        },
        {
            "severity": "warn",
            "code": "unsupported_signal_quote_mismatch",
            "message": "The supporting_evidence signal 'physical_allocated_commodity' is not supported by the quote 'Product Structure : Physical' which does not prove allocated commodity exposure. Recommend removing or correcting this signal.",
            "source": "agent"
        }
    ],
    "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.",
        "Add product-specific physical/direct replication evidence to support the physical replication rule, such as explicit wording about physical holdings or direct replication.",
        "Alternatively, use a more general UCITS no-complex override decision rule that does not assert physical replication.",
        "Remove or correct the unsupported 'physical_allocated_commodity' signal in supporting_evidence to align with the quote."
    ],
    "reassessment": {
        "required": false
    },
    "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."
            },
            {
                "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": "ucits_default",
            "type": "ETF",
            "ucits": true,
            "physical_replication": true,
            "swaps_signal": false,
            "synthetic_replication": false,
            "derivatives_core_strategy": false,
            "derivatives_epm_only": null,
            "derivative_evidence_count": 1,
            "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": []
        },
        "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": 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": 4394,
            "completion_tokens": 533,
            "total_tokens": 4927,
            "raw": {
                "prompt_tokens": 4394,
                "completion_tokens": 533,
                "total_tokens": 4927,
                "cost": 0.0020344,
                "is_byok": false,
                "prompt_tokens_details": {
                    "cached_tokens": 1920,
                    "cache_write_tokens": 0,
                    "audio_tokens": 0,
                    "video_tokens": 0
                },
                "cost_details": {
                    "upstream_inference_cost": 0.0020344,
                    "upstream_inference_prompt_cost": 0.0011816,
                    "upstream_inference_completions_cost": 0.0008528
                },
                "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": 4394,
            "completion_tokens": 533,
            "total_tokens": 4927,
            "input_cost_usd": 0.0011816,
            "output_cost_usd": 0.0008528,
            "estimated_cost_usd": 0.0020344,
            "pricing_basis": "openrouter_usage_cost"
        },
        "review": {
            "validator_verdict": "warn",
            "publishable": true,
            "confidence": 0.8,
            "summary": "The assessment is internally consistent and coherent with a non-complex classification under ucits_default mode and the applied etf_ucits_physical_no_complex_override_rule. However, there are two warnings: (1) derivatives_mentioned=true is set but no product-specific derivative evidence is present, and (2) the physical replication rule is applied without direct product-specific physical replication evidence. These are evidence hygiene and rule-specificity gaps but do not invalidate the classification or publishability. No unsupported hard-complex signals drive the decision. No conflicts exist between derivatives_epm_only and derivatives_core_strategy as derivatives_epm_only is null and derivatives_core_strategy is false. No core derivative strategy or EPM use is evidenced. The counterparty_risk signal is supported by a matching quote. The securities_lending signal is supported by a matching quote. The physical_allocated_commodity signal is unsupported by its quote and should be removed or corrected. 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": "derivatives_mentioned_without_derivative_evidence",
                    "message": "derivatives_mentioned=true but no product-specific derivative-related evidence item is present."
                },
                {
                    "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."
                },
                {
                    "severity": "warn",
                    "code": "unsupported_signal_quote_mismatch",
                    "message": "The supporting_evidence signal 'physical_allocated_commodity' is not supported by the quote 'Product Structure : Physical' which does not prove allocated commodity exposure. Recommend removing or correcting this signal."
                }
            ],
            "suggested_repairs": [
                "Add product-specific physical/direct replication evidence to support the physical replication rule, such as explicit wording about physical holdings or direct replication.",
                "Alternatively, use a more general UCITS no-complex override decision rule that does not assert physical replication.",
                "Remove or correct the unsupported 'physical_allocated_commodity' signal in supporting_evidence to align with the quote."
            ]
        }
    }
}