How do I clear a CTP violation?

You can clear a CTP violation with a deposit, wire payment, a request for Unchained to take possession of and sell your collateral, or a BTC price increase.

If the CTP violation is not cleared in the time allotted per the loan agreement, we will first provide a notice that we have foreclosed on the collateral backing your loan, and later we will liquidate sufficient collateral to repay the unpaid loan balance, including fees, and close the loan. Such a liquidation may occur immediately or several hours after we have provided you with the foreclosure notice, and once the foreclosure notice is sent, it cannot be reversed. Any remaining collateral will be returned to you.

There are four ways CTP violations can be cleared:

Deposit additional collateral
Send a wire transfer to make a principal payment
Request Unchained to take possession of and sell collateral at the trading desk
Wait to see if the BTC/USD price increases (hazardous--risks liquidation of collateral)