强行平仓法律性质研究

The Study of the Nature of Forced Liquidating Law

强行平仓是期货交易中风险控制的核心制度。但关于强行平仓法律性质学界争议不断,导致立法上相互矛盾,进而影响司法实践中对于责任划分的不清晰。过去仅从私法角度出发的"权利说""义务说""权利兼义务说"与"权利转义务说"都不能全面地看清这一问题。忽视了强行平仓制度为维护金融安全的公法上的制度价值。从公法私法相结合的角度来解构强行平仓制度,可以得出其兼有公法义务与私法义务的双重属性的结论。

Forced liquidating is the core system of risk control in futures trading. However,there are a lot of disputes between the law and the legal nature of the law that lead to the contradiction of the legislation,which can influence the ambiguity of the divi-sion of responsibility in judicial practice. It ignores the institutional value of the system of forced liquidation to safeguard financial se-curity. This paper attempts to deconstruct the forced liquidating system from the perspective of the private law of public law,and concludes that it has both the public and legal obligations and the private legal obligations.