This study aims at investigating the impact of firm and corporate governance determinants on the financial risk disclosure in annual reports

Accounting disclosure for financial instruments through analyzing the actual accounting data are used as a vital market measures for financial leverage risk (debt and fixed costs) and assist in decision making as adding financial leverage always adds risk to both the levered company and investor. Degree of financial leverage is an important factor in determining financial risk level and it has direct effect on dividends policy, as it causes intensification of the change in earnings per share percentage because if degree of financial leverage is larger, it may be negative by slight decrease in profit before interest and taxes.

شهدت أسواق المشتقات الائتمانية Credit Derivatives نشاط غير عادي في العقد الماضي، وخاصة مع تطور عقود المبادلات، وظهور محفظة المشتقات الائتمانية، والتي يطلق عليها التزامات الديون المضمونة