Liquidation — forceful removal of the position by the exchange in the event, when the Spot price reached the Liquidation price.
For a long position:
Liquidation price = Entry Price - Maintenance Margin * Tick Index
Bankruptcy price = Entry Price -Initial Margin * Tick Index
For a short position:
Liquidation price = Entry Price + Maintenance Margin * Tick Index
Bankruptcy price = Entry Price + Initial Margin * Tick Index