We present a study of the influence of an external magnetic field H and an electric current I on the spin-valve (SV) effect between a ferromagnetic thin film (F) and a sharp tip of a nonmagnetic metal (N). To explain our observations, we propose a model of a local surface SV which is formed in such a N/F contact. In this model, a ferromagnetic cluster at the N/F interface plays the role of the free layer in this SV. This cluster exhibits a larger coercive field than the bulk of the ferromagnetic film, presumably due to its nanoscale nature. Finally, we construct a magnetic state diagram of the surface SV as a function of I and H.
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