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CFD Auto Close Out

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Regular Contributor
Can someone please explain to me the auto close out process.if the value reaches O during the day does the share close out and lose all my funds,or only if the value reaches 0 at the end of trading day that the share closes our and all funds are lost?
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wetta
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Once the available trading funds and margin (available before auto close out as on the screen) is depleted SBK will buy or sell about 30-50% of the holdings at market price in order to cover the margin requirements for the trade(s)
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