# How to Manage a Contract
You can click on the “Cover Detail” section, which is below the “Buy Now” section to gain the designated guidance for the current contract, or you can read the guidance below for preparation first.
There are 2 ways to apprehend how to manage a cover: price movement or contract-closing situations.
1\. In price movement
\*Image of an example of information in an insurance contract (Note: Images have price differences due to exchange rate fluctuations)
When the market price reaches the claim price, you get a payout and the contract is closed
When the market price reaches the expiration price, your margin is liquidated and the contract is closed
When the market price is between the refund price and claim price, you can proactively claim your margin refund and close your contract, or our system proactively refunds your margin at the expiration moment.
When the market price is between the refund price and the expiration price at the expiration time, your margin is liquidated. You can’t close your contract or take any action during the contract period.
2\. In contract-closing situations
* Claim
Our system proactively sends the payout to your wallet when the market price reaches the claim price. You don’t need to do anything.
* Liquidation
Your contract is liquidated when the market price reaches the expiry price during the contract period.
Your contract is liquidated when the market price is between the refund price and the expiry price at the contract’s expiration time.
* Refund
You can proactively get your margin refunded when the market price is between the refund price and the claim price.
Our system proactively refunds your margin when the market price is between the refund price and the claim price at contract’s expiration time.
\*Image of an example of information in an insurance contract (Note: Images have price differences due to exchange rate fluctuations)
When the market price reaches the claim price, you get a payout and the contract is closed
When the market price reaches the expiration price, your margin is liquidated and the contract is closed
When the market price is between the refund price and claim price, you can proactively claim your margin refund and close your contract, or our system proactively refunds your margin at the expiration moment.
When the market price is between the refund price and the expiration price at the expiration time, your margin is liquidated. You can’t close your contract or take any action during the contract period.
2\. In contract-closing situations
* Claim
Our system proactively sends the payout to your wallet when the market price reaches the claim price. You don’t need to do anything.
* Liquidation
Your contract is liquidated when the market price reaches the expiry price during the contract period.
Your contract is liquidated when the market price is between the refund price and the expiry price at the contract’s expiration time.
* Refund
You can proactively get your margin refunded when the market price is between the refund price and the claim price.
Our system proactively refunds your margin when the market price is between the refund price and the claim price at contract’s expiration time.
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