Fair Value Pricing Service

Clarity and transparency

SIX Telekurs' Fair Value Pricing Service offers highly transparent valuations for your fixed income securities, and supports you in adhering to new accounting standards.

Global financial companies face a number of regulatory challenges. In particular, consistent valuation is explicitly outlined in the accounting standards which have been adopted for use in the EU (IFRS – International Financial Reporting Standards) and the USA (US-GAAP – Generally Accepted Accounting Principles). These standards require the majority of financial instruments to be valued at so-called “fair value”.

In the frequent cases in which active market prices are not available, a company must use a reliable valuation method, making maximum use of relevant market inputs and relying as little as possible on internal estimates.

SIX Telekurs has developed its own Fair Value Pricing Service, which complies with the main requirements specified by the regulatory bodies. The service is based entirely on information available in SIX Telekurs’ Valordata Feed (VDF). VDF draws all of its information from SIX Telekurs’ central database made up of structured and encoded data on over 5 million financial instruments.

The Fair Value Pricing Service delivers calculated prices for around 56‘000 investment grade bonds (including 51‘000 straight bonds and 5‘000 zero bonds), and 26‘000 floating rate notes. Fair value prices are provided in eleven currencies, and are calculated four times a day, at 08:40, 11:50, 14:50 and 20:45 (+GMT).