Valoren Number: What it Means, How it Works

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Thu, 2024-Feb-29 10:50:42

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What Is a Valoren Number?

An identifying number given to financial products in Switzerland is called a valoren number. The CUSIP numbers used in the US and Canada are comparable to these numbers. A valoren number usually consists of six or nine digits.

How a Valoren Number Works

A numerical code with no inherent value is called a van Werten number. The list’s next value is allocated when a new one is required. More information about the instrument itself needs to be included in its number. Valuen numbers are used as a security identification tool by market data providers and other European financial institutions when referring to and storing trading data on Swiss companies. Valoren numbers are unique from ISINs or CUSIPs because they do not include embedded data.

SIX Financial Information, a division of SIX Group, a global financial data provider headquartered in Zurich, Switzerland, is responsible for issuing Swiss Valoren numbers. Also, the business has offices in more than 20 nations. The company offers market data directly and instantly collected from the world’s most prominent trading venues. Over 20 million financial instruments’ worth of structured and encoded securities administration data are available in its database.

Initially, SIX Financial Information was known as Telekurs. After the corporation underwent a reorganization in 1996, it began to broaden its line of products. Telekurs purchased a portion of the Fininfo Group in 2007. The SIX Group was formed in 2008 with the merger of The Telekurs Group with SWX Group, SIS Swiss Financial Services Group, and SEGA Intersettle. SIX Telekurs replaced Telekurs Financial as the financial information branch of SIX Group. The usage of the “Telekurs” name was discontinued on April 23, 2012.

A financial instrument may be identified in various ways using a valoren number. Every financial instrument that satisfies the allocation criteria is assigned a global value. It may be combined with the currency code and the Market Identifier Code (MIC) to identify a traded instrument uniquely. It may also be used for position maintenance and transaction reporting.

Financial institutions in the area and beyond utilize the valoren number, the primary identifier in the Swiss Value Chain in Switzerland and Liechtenstein. After a derivative expires, valorien numbers may be repurposed.

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