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Valoren number

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The VALOR number is a code which identifies listed securities and financial instruments in Switzerland, and serves a similar purpose to CUSIP or WKN in the North American or German markets respectively. The VALOR number is incorporated in the Swiss ISIN number.

Allocation Methodology

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The VALOR number is a numeric code that intrinsically has no meaning. When a new VALOR is needed, the next one from the list is simply allocated. An instrument's number indicates nothing about the instrument itself.

Uses

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The VALOR number can be used for a number of purposes in identifying a financial instrument:

  • Globally a VALOR number is allocated for any type of financial instrument which meets the allocation rules.[1] It can be used in conjunction with the Market Identifier Code (MIC) and the currency code to identify a traded instrument. It can be used in transaction reporting and for position keeping.
  • In Switzerland and Liechtenstein the VALOR number is the main identifier in the Swiss Value Chain [2] and is used as the main identifier by financial institutions throughout the region and beyond.
  • Valorens for derivatives may be reused after the derivative expires

Etymology

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The word Valor is a Swiss German banking term for a "security", including coins and paper money. In Switzerland, when referring to the code, it is always referred to as the "VALOR Nummer" i.e. security number.[3] The plural of VALOR in Swiss German is Valoren.

In the English speaking world, the words "VALOR" and "VALOREN" are sometimes used interchangeably.

Issuing Authority

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The VALOR number is issued by SIX Financial Information

See also

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References

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  1. ^ "Financial Information from SIX".
  2. ^ "Securities settlement". www.sec.sisclear.com. Archived from the original on 31 August 2011. Retrieved 22 May 2022.
  3. ^ "Welcome to finanz-lexikon.de".