The VALOR number is a code which identifies listed

securities A security is a tradable financial asset. The term commonly refers to any form of financial instrument, but its legal definition varies by jurisdiction. In some countries and languages people commonly use the term "security" to refer to any for ...

and

financial instruments Financial instruments are monetary contracts between parties. They can be created, traded, modified and settled. They can be cash (currency), evidence of an ownership, interest in an entity or a contractual right to receive or deliver in the form ...

Switzerland Switzerland, officially the Swiss Confederation, is a landlocked country located in west-central Europe. It is bordered by Italy to the south, France to the west, Germany to the north, and Austria and Liechtenstein to the east. Switzerland ...

, and serves a similar purpose to

CUSIP A CUSIP () is a nine-character numeric or alphanumeric code that uniquely identifies a North American financial security (finance), security for the purposes of facilitating Clearing (finance), clearing and settlement (finance), settlement of tr ...

or WKN in the North American or German markets respectively. The VALOR number is incorporated in the Swiss

ISIN Isin (, modern Arabic language, Arabic: Ishan al-Bahriyat) is an archaeological site in Al-Qādisiyyah Governorate, Iraq which was the location of the Ancient Near East city of Isin, occupied from the late 4th millennium Uruk period up until at ...

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 Financial instruments are monetary contracts between parties. They can be created, traded, modified and settled. They can be cash (currency), evidence of an ownership, interest in an entity or a contractual right to receive or deliver in the form ...

: * Globally a VALOR number is allocated for any type of

which meets the allocation rules. It can be used in conjunction with the

Market Identifier Code The Market Identifier Code (MIC) (ISO 10383) is a unique identification code used to identify securities trading exchanges, regulated and non-regulated trading markets. The MIC is a four alphanumeric character code, and is defined in ISO 10383 by ...

(MIC) and the currency code to identify a traded instrument. It can be used in transaction reporting and for position keeping. *In

and

Liechtenstein Liechtenstein (, ; ; ), officially the Principality of Liechtenstein ( ), is a Landlocked country#Doubly landlocked, doubly landlocked Swiss Standard German, German-speaking microstate in the Central European Alps, between Austria in the east ...

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.Ethnews
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Issuing Authority

The VALOR number is issued by

SIX Financial Information SIX Financial Information, a subsidiary of SIX Group, is a multinational financial data vendor headquartered in Zurich, Switzerland. The company provides market data which it gathers from the world's major trading venues directly and in real-t ...

References

Financial metadata Financial services in Switzerland Security identifier types

Allocation Methodology

Uses

Etymology

Issuing Authority

See also

References