| This article will focus on the legal nature of VAM from the perspective ofjurisprudence, analyzing the legal obstacles of Valuation Adjustment Mechanism inChina and the way to solve it.The paper also analyzes the risk of ValuationAdjustment Mechanism according to its application and control.Based on the reference of foreign advanced experience, the paper makes a closeintegration on domestic enterprise cases in both success and failureaspects,especially the innovation of the financial regulatory system in the Shanghaifree trade zone.Intending to discuss some basic problems on Valuation AdjustmentMechanism,the paper makes it from two aspects, legal principle and systemdesign,to reveal and explain the myth of protocol structure and qualitativeapplication. |