# Liquidation

### Liquidation Process

Cross-margin accounts have two liquidation thresholds:

**Position Liquidation (110% margin ratio)**\
Individual positions may be liquidated to restore portfolio health. Liquidated positions appear in your order history marked as "liquidation".

**Portfolio Liquidation (105% margin ratio)**\
If the margin ratio falls below 105%, your entire portfolio is liquidated.

#### The Cross Margin Ratio Formula:

$$
cross,margin,ratio = (adjusted,equity + unrealized,PnL) / maintenance,margin\\
$$

$$
maintenance,margin = portfolio,margin \* maintenance,margin,ratio (5%)
$$

{% hint style="info" %}
If a position is liquidated, users can find the record in their order history labeled as "liquidation".
{% endhint %}