1. Liquidation is triggered when a trader’s margin balance falls below the maintenance margin requirement.

2. The system will first attempt to cancel any open orders to help the trader restore sufficient margin to meet the maintenance margin requirement.

3. The trader’s position will be liquidated at the bankruptcy price, which is the price at which the trader’s total equity becomes zero.

4. A liquidation fee will be deducted from the remaining balance and allocated to the insurance fund.

5. If the mark price moves rapidly and the liquidation order cannot be executed before reaching the bankruptcy price, the difference between the expected bankruptcy order value and the actual executed order value will be covered by the Futures insurance fund.

6. If the insurance fund does not have sufficient funds to cover the shortfall, Auto-Deleveraging (ADL) will be triggered to reduce positions from profitable traders to offset the capital deficit caused by incomplete liquidation.

If you experience any issues or require further assistance, please contact the OSL Global Support Team through the app, platform, or by emailing [email protected]