Valoren number
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
[edit]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
[edit]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
[edit]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.[4]
Issuing Authority
[edit]The VALOR number is issued by SIX Financial Information
See also
[edit]- International Securities Identification Number (ISIN)
- ISO 10383
- ISO 10962
- ISO 6166
- NSIN
- Ticker symbol
- Option symbol
- SEDOL
References
[edit]- ^ "Financial Information from SIX".
- ^ "Securities settlement". www.sec.sisclear.com. Archived from the original on 31 August 2011. Retrieved 22 May 2022.
- ^ "Welcome to finanz-lexikon.de".
- ^ Ethnews