Futures companies will settle accounts after the close of trading every day, and then call customers to settle accounts. At this time, if the margin is insufficient, the futures company will inform the customer to add the margin. If the customer does not add margin, the futures company will forcibly close the customer's excess position on the next trading day.

According to the regulations, the futures brokerage company will notify the account owner to make up the deposit before the market opens on the next trading day. This move is called additional margin. If the account owner fails to make up the margin before the opening of the next trading day, the futures brokerage company may, in accordance with the provisions, implement partial or full compulsory liquidation of the account owner's positions until the retained margin meets the specified requirements.

This should be clear. Your understanding is basically correct, and this is the actual situation.

Upstairs, it is said that if the intraday risk is greater than 150%, it will be forced to close the position, but the probability is almost zero. This is not a fixed risk of 150%, and the risk rate is determined by each futures company according to its own situation.

When the customer's risk is greater than 100% in the same day, the risk monitoring personnel of the futures company will inform the customer, but generally, the margin increase or forced liquidation will be made after the settlement and before the opening of the next trading day.

Attached:

What about margin increase and forced liquidation?

/futures/qhzh/200705/t 935873 . htm