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
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.{{Cite web|url=http://www.six-financial-information.com/en/shared/online-services/swiss-valor-number-application.html|title=Financial Information from SIX}} 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 {{cite web |url=https://www.sec.sisclear.com/sec/cm/index/custody-settlement/securities-settlement.htm |title=Securities settlement |website=www.sec.sisclear.com |access-date=22 May 2022 |archive-url=https://archive.today/20110831044557/https://www.sec.sisclear.com/sec/cm/index/custody-settlement/securities-settlement.htm |archive-date=31 August 2011 |url-status=dead}} 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.{{Cite web|url=http://www.finanz-lexikon.de/valoren-nummer_1747.html|title = Welcome to finanz-lexikon.de}} The plural of VALOR in Swiss German is Valoren.
In the English speaking world, the words "VALOR" and "VALOREN" are sometimes used interchangeably.[https://www.ethnews.com/ Ethnews]
Issuing Authority
The VALOR number is issued by SIX Financial Information