1. Your position margin may be insufficient due to the changeable market. Please keep in mind that the exchange Swap will place a forced liquidation order and send you liquidation details according to the system agreement.
2. Please read carefully and follow the business rules of the exchange Swap. Understand the contract mechanism and operation principle, understand the various risks of the market, and reasonably arrange funds for trading.
3. Under certain extreme market conditions, it may be difficult or impossible to close out your open positions. For example, when your profit ranks first in the effective contract PnL in the entire contract market, and the Insurance Fund is insufficient to cover the losses.
4. To maintain the overall stability of the exchange trading system, isolate systemic risks, and protect the legitimate rights and interests of the platform, the Exchange has established a Futures Risk Protection Fund. This fund serves solely as an internal risk-buffering mechanism of the platform and does not constitute any guarantee of principal, guarantee against losses, compensation commitment, or profit promise to users, nor does it create any statutory obligation for compensation. Under circumstances including, but not limited to, market volatility, insufficient liquidity, abnormal market conditions, system fluctuations, or any extreme situations, if the Futures Risk Protection Fund is insufficient to cover risk losses, the Exchange reserves the unilateral and sole right, without obtaining user consent, to trigger the ADL (Auto-Deleveraging) mechanism and implement risk control measures on any user positions, including but not limited to position reduction and forced liquidation. Users expressly acknowledge and agree that all leverage and position-related risks shall be borne entirely by themselves, and the Exchange shall not bear any liability for liquidation losses, negative balances, or any related trading losses.
5. When the Auto-Deleveraging (ADL) mechanism is triggered, the system will automatically process your positions in accordance with risk control rules. Such actions may include partial or full position reductions or forced liquidation, and may be executed without prior notice or your confirmation. The triggering conditions, execution sequence, and reduction quantity of ADL are automatically determined by the system based on real-time market risk conditions. By using futures trading services, you fully understand and acknowledge the risks that may arise under high leverage and extreme market conditions, including but not limited to position losses, early liquidation, and opportunity costs. Any related risks and losses arising therefrom shall be borne solely by you.
6. In case of changes in local laws, regulations and policies, amendments to exchange trading rules, and introduction of emergency measures, the exchange Swap will notice you in advance that you may not maintain open positions, but the position margin and profitable balance will still be paid!
7. For any reasons beyond the control of the exchange, such as earthquakes, floods, fire and other force majeure factors or computer system and communication system failures, etc., your order may not be executed in part or in whole, and you may suffer losses therefrom.
8. Like speculative transactions, hedging transactions also face risks caused by price fluctuations. Please understand the relevant mechanism in advance.
9. If you lend your account to a third party, the safety of your contract deposit may be affected. Please carefully protect your personal account.
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