Force Liquidation Policy：
1. Phillip will make best effort to call client margin, however, it may not be able to contact client timely due to various reasons (including volatile market condition).
If client cannot restore the account equity to initial margin level within specified time, Phillip may request client to or force close position(s).
2. If equity falls below the required margin level or has negative balance when market opens after weekend or holiday, Phillip will make best effort to call client margin or force close position(s) at market price. Client shall remain liable for any deficit in the account.
3. Phillip will notify client any force liquidated position(s) by telephone, email or message, and also have those transactions identified in statement. If the force liquidation is not sufficient to cover negative balance in the account, client shall remain liable for any deficit in the account.