# Early Termination Buyer

The Passage Vault is also the designated counterparty for “early termination offers,” if a passage trader wishes to “close” or “sell” their position prior to expiration. On the active passage tab of the My Trades page, the user can request a sell-price quote from the Vault, which will be at a discount to the current value shown. \
\
The discount will vary based on many different factors. The reason it is discounted is because the current value assumes both sides hold their positions until the contract terminates. There is a penalty for breaking a contract early, as the seller is denying the other side of the trade a potentially larger profit opportunity.


---

# 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.bracket.fi/legacy-products/volatility-trading/passage-vault/early-termination-buyer.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.
