The IATA Clearing House provides a competitive, seamless secure service providing an efficient on-time settling of interline accounts between the world's airlines, airline-associated companies and Travel Partners.
Offsetting of mutual transactions can reduce hundreds of bi-lateral, multi-currency transactions for passenger, cargo, baggage, catering, ground-handling and other services to one single payable or receivable amount.
In 2013, the ICH achieved two records. Throughput was increased 10% compared with the previous year and the on-time settlement rate was 100%.
All ICH transactions flow through the Simplified Interline Settlement (SIS) system, which has some 500 participants. In 2014, IATA is seeking to increase membership numbers.