Research On Real-time Disclosure And Early-warning On Financial Derivatives' Risk

Since the seventies of the 20th century, the Financial Innovation as the core of Financial Revolution is one of two great revolutions that take place in the world. The innovation of derivatives financial instruments such as option, futures, etc. as the core of innovation of financial instruments is the central core of this financial revolution even more.The derivative is the kind of the financial instrument with the shortest history, the fastest developing speed, and biggest trading volume in the world nowadays. Derivative financial instruments have put forward the new subject for the theory of financial regulator and traditional accountant, when finance innovate, especially derivatives are evading the risk, improving the result of management for financial institution, economic entity and even individual's on the financial market, The " zero and trade " displayed in the form of agreement has the affection with small and vast lever effect, its high risk can make the speculator go bankrupt overnight.British Bahrain Bank with a history of 223 years declared bankruptcy because of failure in its dealer's cogency in the stock index futures in 1995; U.S.A. biggest energy company went bankrupt for the structure of special purpose entity the (Special Purpose Entity, SPE) derivative, false accounting information finally in 2002; On November 29, 2004, the Limited Company of China Aviation Oil lost up to 550 million dollars for the petroleum derived product trade's failure, China Aviation Oil (Singapore) applied bankrupt for protection to the Supreme Judicial Court Singapore because their pay one's debts with all his assets seriously,The people have to carry on deep introspection for the enormous risk brought by the derivatives. No matter any kind of decision or supervision, must be based on true, reliable economic information. But as the accounting information, the channel of understanding company's financial situation, had not sent out any early warning signal of the financial affairs at that time, even the accounting information still showed that the management state is good when the company was close to bankrupt. How carry on risk disclosure of information effectively among financial report, set up corresponding risk measurement and early warning mechanism is a international difficult problem badly need of solution in the theory and practice for the financial workers especially international accounting field right away.This paper chooses the research object that the on risk on-time information discourse and early warning on the derivative under the such great background.( It is supported by The Securities Association of China) Based on management theory of financial risks, in terms of accountant, directed by the theory of value chain accountant's real-time control theory underIT environment, reveal in real time and early warning theoretical system, structure the risk leading type real- time information announcing mode of derivative, improve the transparency of disclosure of information, adopt the technical design of BP neural network to structuring a model of on-time early warning system on derivative risk, to realize the disclosure and early-warning on the derivative risk on-time, hope to be abundant in financial risk management and accounting control method, probe into the new challenge that a modern financial accountant faces, propose a bit piece of suggestion to China financial safety after entering the WTO.