Forced Liquidation

When forced liquidation will be triggered?

Normally, when net assets ≤ market value * forced liquidation margin factor, forced liquidation will be executed;

Or when the margin call notice is overdue and no actions have been taken by the client to satisfy the outstanding margin call.

When will the forced liquidation take place?

We will decide whether, when and how to force the sale of the shares you hold (the minimum unit is 1 lot (Hong Kong market) or 1 share (US market)) after the triggering of the following conditions (whichever occurs earlier) without prior notice:

1. (Net Assets / Liquidation Margin Amount) % ≤ 100%; or

2. At the deadline of the outstanding margin call, there is still outstanding margin call.

As the market may be extremely volatile, the time limit for making up the margin may be earlier. Please pay attention to the intraday margin call notice (email or in-app push message) (or more than once). All conditions are subject to the latest notice.

* Regarding suspended shares:

If the overall impact on the account after the suspension of a single stock is not significant, the forced liquidation will not be triggered if the risk level of the account does not reach the dangerous level.

Trading commissions will be charged for forced liquidation transactions. Please refer to the fee schedule on the company's website for further information.