{
    "ok": true,
    "_meta": {
        "isin": "IE000EDRD2Z8",
        "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": "2026-07-15T07:21:14+00:00",
        "captured_unix": 1784100074
    },
    "classification": "non-complex",
    "confidence": 0.82,
    "review_required": false,
    "decision_rule_applied": "etf_ucits_physical_no_complex_override_rule",
    "product_policy_branch": "ETF",
    "fund_name": "Amundi EUR Ultra Short-Term Bond Active UCITS ETF Acc",
    "isin": "IE000EDRD2Z8",
    "type": "ETF",
    "ucits": true,
    "asset_class": "fixed_income",
    "replication_method": "physical",
    "signals": {
        "leveraged": false,
        "inverse": false,
        "derivatives_mentioned": true,
        "derivatives_core_strategy": false,
        "derivatives_epm_only": true,
        "swaps": true,
        "funded_swap": false,
        "unfunded_swap": false,
        "synthetic_replication": false,
        "counterparty_risk": false,
        "structured_payoff": false,
        "capital_protection": false,
        "commodity_futures_roll": false,
        "contango_backwardation": false,
        "coco_or_at1_exposure": false,
        "clo_exposure": false,
        "complex_index": false,
        "priips_comprehension_alert": false,
        "securities_lending": true,
        "illiquid_or_hard_to_value_underlying": false,
        "physical_allocated_commodity": false,
        "crypto_digital_asset": false
    },
    "complex_factors": [],
    "non_complex_factors": [
        "UCITS fund",
        "Physical replication",
        "No leverage identified",
        "No inverse exposure identified",
        "Derivative use appears limited to EPM, hedging, or risk management"
    ],
    "consumer_understanding": {
        "risk_level": "low",
        "drivers": [
            "Swap or FDI permission language identified",
            "Derivative powers appear permission-based rather than evidenced as core exposure",
            "Derivative use appears limited to efficient portfolio management, hedging or risk management",
            "UCITS ETF structure",
            "Physical replication or direct portfolio holdings",
            "Fixed income credit and duration risk"
        ],
        "plain_english_explanation": "The product is identified as a UCITS ETF using physical replication or direct portfolio holdings. No leverage, inverse exposure, synthetic replication or structured payoff was identified. Derivative language appears limited to efficient portfolio management, hedging or risk-management style use rather than being the core investment exposure. Some ordinary market, credit, duration, liquidity or counterparty-risk language may still be present, but this does not by itself make the product complex.",
        "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."
    },
    "supporting_evidence": [
        {
            "source": "KIID",
            "signal": "derivatives_mentioned",
            "quote": "The Sub-Fund may use futures, options, forwards and/or swaps for hedging and efficient portfolio management purposes"
        },
        {
            "source": "KIID",
            "signal": "derivatives_epm_only",
            "quote": "The Sub-Fund may use futures, options, forwards and/or swaps for hedging and efficient portfolio management purposes"
        },
        {
            "source": "KIID",
            "signal": "swaps",
            "quote": "The Sub-Fund may use futures, options, forwards and/or swaps for hedging and efficient portfolio management purposes"
        },
        {
            "source": "KIID",
            "signal": "securities_lending",
            "quote": "may engage in securities financing transactions"
        },
        {
            "source": "KIID",
            "signal": "ucits",
            "quote": "Amundi EUR Ultra Short-Term Bond Active UCITS ETF Acc"
        },
        {
            "source": "KIID",
            "signal": "replication_method_physical",
            "quote": "The Sub-Fund invests at least 70% of its net assets in fixed and floating rate euro-denominated, investment-grade corporate and government bonds, as well as money market instruments"
        }
    ],
    "supporting_data": "UCITS physical ETF baseline applied. Policy mode: strict. Product type: ETF. UCITS signal identified. Replication method: physical.",
    "missing_data": [
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        "funded_swap",
        "unfunded_swap",
        "counterparty_risk",
        "structured_payoff",
        "capital_protection",
        "commodity_futures_roll",
        "contango_backwardation",
        "coco_or_at1_exposure",
        "clo_exposure",
        "complex_index",
        "priips_comprehension_alert",
        "illiquid_or_hard_to_value_underlying",
        "physical_allocated_commodity",
        "crypto_digital_asset"
    ],
    "warnings": [
        "swap_permission_language_identified_not_core_strategy"
    ],
    "sources": {
        "kiid": {
            "url": "https://oppl.ai/apy/doc_store/IE000EDRD2Z8_KIID.txt",
            "found": true,
            "http_code": 200,
            "bytes": 10021,
            "error": null
        },
        "priips_kid": {
            "url": "https://oppl.ai/eu_kiids/en_txt/IE000EDRD2Z8.txt",
            "found": true,
            "http_code": 200,
            "bytes": 13560,
            "error": null
        },
        "factsheet": {
            "url": "https://oppl.ai/apy/doc_store/IE000EDRD2Z8_FS.txt",
            "found": false,
            "http_code": 404,
            "bytes": 1251,
            "error": "http_404"
        },
        "market_data": {
            "url": "https://api.londonstockexchange.com/api/gw/lse/search/autocomplete?q=IE000EDRD2Z8&size=3",
            "found": true,
            "http_code": 200,
            "bytes": 61,
            "error": null
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    }
}