The closing line of 13% means that investors need to increase the guarantee while keeping the guarantee ratio below 13%, and the increased guarantee ratio shall not be lower than 15%. In real life, if investors occupy 2 million yuan, if the sum of various expenses such as interest fees is not included, the total amount of cash and credit securities accounts is only 2.6 million, and investors will be required to increase their guarantees, otherwise they will face the risk of forced liquidation.

introduction to the liquidation line

the liquidation line is simple, which refers to the stop-loss line of forced liquidation. This is a risk control measure taken by the system in securities investment to prevent investors from suffering huge losses and insolvency. However, the clearing line and the stop-loss line are very different. Liquidation refers to the risk control of securities institutions, and the stop loss line refers to the stop loss expectation set by investors when investing. Once the investment product fails and falls below the investor's stop loss line, the investor will take the initiative to sell it to reduce the loss. Generally speaking, the liquidation line and stop loss line are the risk control of investment funds.