1. What is an Order Group?
A VIP Loan Order Group includes your Receive and Collateral Accounts for VIP Loan orders. You can create or select an order group to choose collateral accounts and assets for your borrowing request. The loan order Loan-to-Value (LTV) ratio is calculated based on the accounts in this group.
2. How to Create a VIP Loan Order Group?
1. Go to the VIP Loan product page and click on [Apply Now].
2. Select a receiving account. It can be your master account or one of your sub-accounts.
3. Click on [Add a new order group].
4. Select the collateral account(s) you would like to use and the collateral coins for the loan order, and click [Confirm].
You can also select the same account as the receiving account. The collateral value will be automatically calculated with Collateral Ratio applied.
Please note: The subaccount(s) selected must be under the same master account and not currently used by another order group.
5. Select the borrowing rate type, borrow coin and amount then click [Add]. Once you have selected all the borrowing coins, click [Submit] to submit the borrowing request.
3. How to Edit a VIP Loan Order Group?
3.1 Edit an existing loan order:
1. Go to the VIP Loan product page and click on [Asset Overview], then click on [Adjust Collateral] of the loan order you’d like to adjust the collateral account(s) or the collateral coins.
2. Add or remove collateral account(s) or the collateral coins, then click [Confirm].
Please note: Modifying collateral accounts or coins will automatically update the collateral information and LTV ratio for all orders using this order group. Please monitor and adjust your collateral assets timely to prevent liquidation risks due to market fluctuations.
3.2. Edit while placing a new order:
1. Go to the VIP Loan product page and click on [Apply Now].
2. Select the receive account and then click on [Edit] of the order group you would like to edit.
3. You can add or remove the collateral account(s) and collateral coins. Then click on [Confirm]. Continue to complete the new borrowing order and the modified order group information would be updated and saved.
Please note: Modifying collateral accounts or coins will automatically update the collateral information and LTV ratio for all orders using this order group. Please monitor and adjust your collateral assets timely to prevent liquidation risks due to market fluctuations.
1. How many order groups can I create?
There is no limit on the number of order groups you can create. However, a collateral account can only be selected for a single order group.
2. Can I select the same receiving account for different order groups?
Yes, a receiving account can be selected for different order groups.
3. Can I select the same collateral account for different order groups?
No, a collateral account can only be selected for one order group.
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