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强行平仓制度是期货市场一项重要的风险控制制度,并将继续应用于个股期权这一创新业务中。强行平仓涉及交易所对期货经纪机构持仓、期货经纪机构对其客户持仓的直接处置,容易因制度设计或者业务操作不当而引发纠纷,因此相关制度的完整性、合理性和明确性显得尤为重要。本文从个股期权强行平仓的基础法律关系和法律性质出发,对强行平仓实施中的若干重要环节进行分析,并探讨了不同情形下强行平仓法律后果的承担问题。
Forced liquidation system is an important futures market risk control system, and will continue to apply to the individual stocks of this innovative business. Forced liquidation involves the exchange positions on the futures brokerage institutions, futures brokerage institutions for its customers directly position, easy to system design or business misconduct and lead to disputes, so the system integrity, rationality and clarity is particularly important . This article analyzes the basic legal relationship and legal nature of forced liquidation of individual stock options, analyzes some important links in the implementation of forced liquidation and explores the commitment of forced liquidation of legal consequences in different situations.