Valoren number
Template:Short description The valoren 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 valoren number is incorporated in the Swiss ISIN number.
Allocation methodology
The valoren number is a numeric code that intrinsically has no meaning. When a new number is needed, the next one from the list is simply allocated. An instrument's number indicates nothing about the instrument itself.
Uses
The valoren number can be used for a number of purposes in identifying a financial instrument:
- Globally a valoren 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 valoren 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.
- Valoren numbers for derivatives may be reused after the derivative expires.
Etymology
The word Script error: No such module "Lang". 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 Script error: No such module "Lang"., i.e. security number.[3] The plural of Script error: No such module "Lang". in Swiss German is Script error: No such module "Lang"..
In the English speaking world, the words "valor" and "valoren" are sometimes used interchangeably.[4]
Issuing authority
The valoren number is issued by SIX Financial Information.
See also
- International Securities Identifying Number (ISIN, defined in ISO 6166)
- ISO 10383
- ISO 10962
- NSIN
- Ticker symbol
- Option symbol
- SEDOL