# Cashout Order

Cashout Order becomes available once the buyer's and seller's orders have been matched.

## Cashout Order rules

Currently, Cashout Order feature on Unich Pre-Order OTC allows both buyers and sellers to exit their positions - only if they withdraw the full collateral for each order and the cashout price is equal to the original matched order price.

Cashout Order is only available during 12-hour Trading Time.

<figure><img src="/files/z9nA5B1yFq4XE0g9djAF" alt=""><figcaption></figcaption></figure>

## Cashout Order example

Here's a clearer example of Bob’s Cashout Order:

Previously, Bob (Buyer 1) and Alice (Seller 1) matched a pre-order trade with a volume of 100 USDC.

Bob's Trade Details:

* **Order Type:** Buy
* **Token Amount:** 100 $UN
* **Price:** 1 USDC
* **Trading volume:** 100 x 1 = 100 USDC
* **Collateral:** 5 USDC (5% of trade volume)

Normally, Bob would wait until Settlement Time to complete the trade. But for some reason, he wants to exit early - so he uses the Cashout Order feature.

The system now creates a sell order for Bob’s position, making him a seller. This new order appears on the Order Book with the same token amount and price as the original order.

**Bob's Cashout Order:**

* **Order Type:** Cashout Sell
* **Token Amount:** 100 $UN
* **Price:** 1 USDC
* **Trading Volume:** 100 USDC
* **Collateral:** 5 USDC

After that, Sam (Buyer 2) matches Bob's cashout order. Bob gets back his collateral, and Sam takes over Bob's position - continuing the obligation to Alice.

<figure><img src="/files/aYb0XvbiJRjwDo6awPvO" alt=""><figcaption></figcaption></figure>

Result: Bob exits early and receives 100% of his collateral (minus a trading fee of 0.125% of the trade volume).

Similarly, if Alice (Seller 1) wants to cash out, the system will automatically sell her position and create a new buy order on the Order Book. The process is the same as above.<br>

*Note: No fees are charged for Cashout Orders on Unich Pre-Order OTC. The 0.125% fee based on trade volume is deducted from the previous matched order.*


---

# Agent Instructions: Querying This Documentation

If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question.

Perform an HTTP GET request on the current page URL with the `ask` query parameter:

```
GET https://docs.unich.com/cashout-order.md?ask=<question>
```

The question should be specific, self-contained, and written in natural language.
The response will contain a direct answer to the question and relevant excerpts and sources from the documentation.

Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.