Common use of FORCED LIQUIDATION Clause in Contracts

FORCED LIQUIDATION. When the prepayment ratio of the client's account reaches 30%, the system will force liquidation from the trading order with the most losses until the margin returns to more than 30%. When the price fluctuates and there is a gap, it may skip 30% and force the position to be closed at a prepayment ratio of less than 30% or cause the balance to appear negative. On weekends or international holidays 30 minutes before the market is closed, the maintenance margin will be increased by 100%. After the international holiday or before the market opens on Monday, the maintenance ratio will return to the 30% stage, and you need to pay attention to the capital situation of the holdings. Customers note that overnight interest will be charged across weekends, and overnight interest needs to be taken into account.

Appears in 2 contracts

Sources: Customer Agreement, Customer Agreement