Short position refers to the situation that the investor's principal is almost lost under extreme market conditions, and short position refers to that the investor not only loses all the deposits in the account before opening the position, but also owes money to the futures company. Therefore, the severity of things represented by warehouse infiltration is far greater than that represented by warehouse explosion.
As one of the futures terms, warehouse penetration refers to the risk that the customer's rights and interests in the customer's account are negative, that is, the customer not only lost all the margin in the account before opening the position, but also owed money to the futures company.
There are two kinds of risks closely related to forced liquidation: puncture and abandonment. The so-called warehouse penetration refers to the risk that the customer's rights and interests in the customer's account are negative, that is, the customer not only loses all the margin in the account before opening the position, but also owes money to the futures company. In the case that futures companies strictly implement the debt-free settlement system on the same day, cross-position events are not common, but they are also heard from time to time, because in the case of violent market fluctuations, customers' positions may be blocked on the stop-loss board quickly. If the next day, under the action of inertia, the market opens sharply, and the customer is in Man Cang the day before, there may be a warehouse-breaking event.
It is worth pointing out that after the stock index futures simulation trading begins, the media sometimes report that "customers can still trade xx million", and the penetration described here is not true, because these media mistakenly regard the situation that the available funds of customers are negative in the stock index futures simulation trading as penetration, and at this time, the customer's rights and interests are still positive, but the available funds are negative, and there is no penetration.
Forced liquidation is also called forced liquidation, which is also called being cut, cut and exploded. It refers to the situation that the customer's rights and interests in the investor's margin account are negative under some special circumstances. A short position means that the loss is greater than the margin in your account. After the company is forced to draw a tie, the remaining funds are the total funds MINUS your losses, and generally there will be a part left. Commonly used in spot gold and futures trading.
The compulsory liquidation right of the exchange means that when the spread loss between the open contract held by the customer and the current transaction settlement price exceeds a certain proportion, and the customer fails to pay the additional margin within the prescribed time limit, the futures brokerage company has the right to compulsory liquidation of the customer's hand contract, so as to reduce the margin level and risk and ensure that the customer is free from greater economic losses, and the consequences of compulsory liquidation shall be borne by the customer.
The forced liquidation of customers by futures companies refers to the forced liquidation of customers due to insufficient funds and backlog.
For example, if you originally bought 100 lots of soybeans, the margin ratio was 10%, and the position occupied 300,000 yuan. Because of the drastic changes in the market, the exchange increased the margin ratio to 15%, and your 300,000 funds can only maintain 67 positions, so either you add funds to continue to maintain your 100 position, or the futures company will close 33 lots of soybeans.