The VALOR number is a code which uniquely 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 ...
in
Switzerland
). Swiss law does not designate a ''capital'' as such, but the federal parliament and government are installed in Bern, while other federal institutions, such as the federal courts, are in other cities (Bellinzona, Lausanne, Luzern, Neuchâtel ...
, and serves a similar purpose to
CUSIP
A CUSIP is a nine-digit numeric (e.g. 037833100 for Apple) or nine-character alphanumeric (e.g. 38259P508 for Google) code that identifies a North American financial security for the purposes of facilitating clearing and settlement of trades. ...
or
WKN in the North American or German markets respectively. The VALOR number is incorporated in the Swiss
ISIN
Isin (, modern Arabic: Ishan al-Bahriyat) is an archaeological site in Al-Qādisiyyah Governorate, Iraq. Excavations have shown that it was an important city-state in the past.
History of archaeological research
Ishan al-Bahriyat was visited b ...
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
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 1038 ...
(MIC) and the
currency code
ISO 4217 is a standard published by the International Organization for Standardization (ISO) that defines alpha codes and numeric codes for the representation of currencies and provides information about the relationships between individual cu ...
to uniquely identify a traded instrument. It can be used in transaction reporting and for position keeping.
*In
Switzerland
). Swiss law does not designate a ''capital'' as such, but the federal parliament and government are installed in Bern, while other federal institutions, such as the federal courts, are in other cities (Bellinzona, Lausanne, Luzern, Neuchâtel ...
and
Liechtenstein
Liechtenstein (), officially the Principality of Liechtenstein (german: link=no, Fürstentum Liechtenstein), is a German-speaking microstate located in the Alps between Austria and Switzerland. Liechtenstein is a semi-constitutional monarchy ...
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.
[{{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.
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- ...
See also
*
International Securities Identifying Number (ISIN)
*
ISO 10383
ISO is the most common abbreviation for the International Organization for Standardization.
ISO or Iso may also refer to: Business and finance
* Iso (supermarket), a chain of Danish supermarkets incorporated into the SuperBest chain in 2007
* Is ...
*
ISO 10962
ISO 10962, generally known as CFI (Classification of Financial Instruments) is a six-letter-code used in the financial services industry to classify and describe the structure and function of a financial instrument (in the form of security or cont ...
*
ISO 6166
An International Securities Identification Number (ISIN) uniquely identifies a security. Its structure is defined in ISO 6166. The ISIN code is a 12-character alphanumeric code that serves for uniform identification of a security through normaliz ...
*
NSIN {{Redirect-synonym, NSIN, National Security Innovation Network
A National Securities Identifying Number, or NSIN, is a generic nine-digit alphanumeric code which identifies a fungible security. The NSIN is issued by a national numbering agency (NN ...
*
Ticker symbol
A ticker symbol or stock symbol is an abbreviation used to uniquely identify publicly traded shares of a particular stock on a particular stock market. In short, ticker symbols are arrangements of symbols or characters (generally Latin letters ...
*
Option symbol An option symbol is a code by which options are identified on an options exchange or a futures exchange.
History
Before 2010, the ticker (trading) symbols for US options typically looked like this: ''IBMAF''.
This consisted of a ''root symbol'' ('I ...
*
SEDOL
SEDOL stands for Stock Exchange Daily Official List, a list of security identifiers used in the United Kingdom and Ireland for clearing purposes. The numbers are assigned by the London Stock Exchange, on request by the security issuer. SEDOLs ser ...
References
Financial metadata
Financial services in Switzerland
Security identifier types