Hello, the Administrative Measures for Risk Control of China Financial Futures Exchange stipulates that the execution procedure of compulsory liquidation is as follows:

(1) notification. The Exchange shall issue a compulsory liquidation request to the relevant clearing members in the form of the Notice of Compulsory Liquidation (hereinafter referred to as the Notice). The notice is sent together with the settlement data of the day, and the relevant settlement members can obtain it through the exchange system unless the exchange specially delivers it.

(2) Implementation and confirmation.

1. After the opening of the market, the relevant members will close their positions on their own until they meet the requirements of the Exchange;

2. If the clearing member fails to complete the liquidation within the prescribed time limit, the Exchange will carry out compulsory liquidation on the remaining part;

3. The results of forced liquidation are sent with the trading records of the day, and relevant information can be obtained through the exchange system.