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RE: How Global Settlements work
In the auction, those that have provided higher collateral ratio have priority over those with less collateral providing in bids
In the auction, those that have provided higher collateral ratio have priority over those with less collateral providing in bids
So they aren't distributed in proportion to funds bidded? Can the result be that I commit funds but don't receive the short position?
Yes that is a possibility. In that case, your collateral is refunded.