code.vegaprotocol.io/vega@v0.79.0/core/integration/features/verified/verified-positions-resolution-3.feature (about)

     1  Feature: Position resolution case 3
     2  
     3    Background:
     4      Given the markets:
     5        | id        | quote name | asset | risk model                  | margin calculator                  | auction duration | fees         | price monitoring | data source config     | linear slippage factor | quadratic slippage factor | sla params      |
     6        | ETH/DEC19 | BTC        | BTC   | default-simple-risk-model-2 | default-overkill-margin-calculator | 1                | default-none | default-none     | default-eth-for-future | 0.5349                 | 0                         | default-futures |
     7      And the following network parameters are set:
     8        | name                                    | value |
     9        | market.auction.minimumDuration          | 1     |
    10        | network.markPriceUpdateMaximumFrequency | 0s    |
    11  
    12    @Liquidation
    13    Scenario: close out when there is enough orders on the orderbook to cover the position (0008-TRAD-002,0008-TRAD-003, 0008-TRAD-006)
    14      # setup accounts
    15      Given the parties deposit on asset's general account the following amount:
    16        | party            | asset | amount        |
    17        | sellSideProvider | BTC   | 1000000000000 |
    18        | buySideProvider  | BTC   | 1000000000000 |
    19        | designatedLooser | BTC   | 12000         |
    20        | aux              | BTC   | 1000000000000 |
    21        | aux2             | BTC   | 1000000000000 |
    22  
    23      # insurance pool generation - setup orderbook
    24      When the parties place the following orders:
    25        | party            | market id | side | volume | price | resulting trades | type       | tif     | reference       |
    26        | sellSideProvider | ETH/DEC19 | sell | 291    | 150   | 0                | TYPE_LIMIT | TIF_GTC | sell-provider-1 |
    27        | buySideProvider  | ETH/DEC19 | buy  | 1      | 140   | 0                | TYPE_LIMIT | TIF_GTC | buy-provider-1  |
    28        | aux              | ETH/DEC19 | sell | 1      | 155   | 0                | TYPE_LIMIT | TIF_GTC | aux-s-1         |
    29        | aux2             | ETH/DEC19 | buy  | 1      | 150   | 0                | TYPE_LIMIT | TIF_GTC | aux-b-1         |
    30        | aux2             | ETH/DEC19 | buy  | 1      | 140   | 0                | TYPE_LIMIT | TIF_GTC | aux-b-2         |
    31      Then the opening auction period ends for market "ETH/DEC19"
    32      And the mark price should be "150" for the market "ETH/DEC19"
    33      And the trading mode should be "TRADING_MODE_CONTINUOUS" for the market "ETH/DEC19"
    34  
    35      # insurance pool generation - trade
    36      When the parties place the following orders with ticks:
    37        | party            | market id | side | volume | price | resulting trades | type       | tif     | reference |
    38        | designatedLooser | ETH/DEC19 | buy  | 290    | 150   | 1                | TYPE_LIMIT | TIF_GTC | ref-1     |
    39  
    40      And the parties should have the following margin levels:
    41        | party            | market id | maintenance | search | initial | release |
    42        | designatedLooser | ETH/DEC19 | 0           | 0      | 0       | 0       |
    43  
    44      Then the parties should have the following account balances:
    45        | party            | asset | market id | margin | general |
    46        | designatedLooser | BTC   | ETH/DEC19 | 0      | 0       |
    47  
    48      Then the parties should have the following margin levels:
    49        | party            | market id | maintenance | search | initial | release |
    50        | designatedLooser | ETH/DEC19 | 0           | 0      | 0       | 0       |
    51  
    52      When the parties place the following orders with ticks:
    53        | party           | market id | side | volume | price | resulting trades | type       | tif     | reference      |
    54        | buySideProvider | ETH/DEC19 | buy  | 300    | 40    | 0                | TYPE_LIMIT | TIF_GTC | buy-provider-2 |
    55  
    56      # check the party accounts
    57      Then the parties should have the following account balances:
    58        | party            | asset | market id | margin | general |
    59        | designatedLooser | BTC   | ETH/DEC19 | 0      | 0       |
    60  
    61      # insurance pool generation - set new mark price (and trigger closeout)
    62      When the parties place the following orders with ticks:
    63        | party            | market id | side | volume | price | resulting trades | type       | tif     | reference |
    64        | buySideProvider  | ETH/DEC19 | buy  | 1      | 120   | 0                | TYPE_LIMIT | TIF_GTC | ref-2     |
    65        | sellSideProvider | ETH/DEC19 | sell | 1      | 120   | 1                | TYPE_LIMIT | TIF_GTC | ref-1     |
    66  
    67      # check positions
    68      Then the parties should have the following profit and loss:
    69        | party            | volume | unrealised pnl | realised pnl |
    70        | designatedLooser | 0      | 0              | -12000       |
    71  
    72      # checking margins
    73      Then the parties should have the following account balances:
    74        | party            | asset | market id | margin | general |
    75        | designatedLooser | BTC   | ETH/DEC19 | 0      | 0       |
    76  
    77      #And debug transfers
    78      # Insurance pool collected 12000 which was then paid out in MTM settlements
    79      And the insurance pool balance should be "0" for the market "ETH/DEC19"
    80  
    81