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
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
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. 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 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
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. 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
The VALOR number is issued by SIX Financial Information
See also
- International Securities Identification Number (ISIN)
- ISO 10383
- ISO 10962
- ISO 6166
- NSIN
- Ticker symbol
- Option symbol
- SEDOL
References
- "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