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What are the "margin system" and "forced liquidation" of futures?
1 300,000 is the deposit.

2. After deducting 200,000 yuan, the futures company will let you add it, and after deducting 300,000 yuan, you will add it. However, the position will be closed at any time, and it will be deducted to 300,000.

After deducting 0.2 million/200 thousand, you will face compulsory liquidation, but it is not necessary.

4. Only by constantly renewing money and ensuring that the account is not less than 300,000 (assuming that the warehouse receipt remains unchanged), it will not be strong.

5. This situation is impossible, and the futures company will monitor it (but there is one situation that can be Man Cang, that is, when the book has a large floating profit).

Margin system (margin

System), also known as the deposit system, refers to the system stipulated by the clearing house that the buyer or seller who has reached a futures transaction should pay the performance bond. In futures trading, any trader must pay a certain proportion (usually 5% ~ 10%) of the price of the futures contract he buys and sells as the fund guarantee for his performance of the futures contract, and then he can participate in the futures contract trading and decide whether to add funds according to the price. This system is the deposit system, and the money paid is the deposit.

Margin is divided into settlement reserve and trading margin. Settlement reserve refers to the funds prepared in advance by members in the special settlement account of the exchange for transaction settlement, which belongs to the unoccupied deposit. The minimum balance of the settlement reserve shall be determined by the exchange. Trading deposit refers to the funds that members guarantee the performance of the contract in the special settlement account of the exchange, which is the deposit that the contract has been occupied. When the buyer and the seller make a deal, the exchange will charge the trading margin to both parties according to a certain proportion of the value of the position contract. With the approval of the regulatory authorities, the exchange may adjust the trading margin level according to the specific conditions of the futures market.

Article 33 of China's Measures for the Administration of Futures Exchanges stipulates that the minimum balance of member settlement reserve is 500,000 yuan. Members must make up the balance of the minimum settlement reserve before the opening of the next trading day. If the balance of settlement reserve is greater than zero and lower than the minimum balance of settlement reserve, it is forbidden to open new positions; If the balance of settlement reserve is less than zero, the exchange will force the liquidation of the member according to relevant regulations.

According to the provisions of Article 35, the exchange shall collect trading deposits according to the positions it buys and sells. With the consent of the exchange, members can pledge the trading deposit with the certificate of rights.

There are two kinds of forced liquidation in futures: the forced liquidation of futures companies (or self-operated members) by exchanges and the forced liquidation of customers by futures companies.

Forced liquidation is also called forced liquidation, also called being cut or being cut. According to the different subjects of compulsory liquidation, compulsory liquidation can be divided into exchange compulsory liquidation and brokerage compulsory liquidation.