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Fact Sheet - IATA Clearing House

  • The IATA Clearing House (ICH) enables the world's airlines and airline-associated companies to settle their billings securely, efficiently and on-time by applying the principles of set-off to reduce risk, increase speed and minimize the amount of money that has to change hands
  • In 2013 ICH throughput grew by almost 10% to $57.1 billion in billing transactions processed
  • ICH reduces hundreds of bilateral, multi-currency transactions to one single payable or receivable amount
  • More than 480 airlines and associates settle their accounts on a weekly basis
    • 70% of these are settled through the netting process
  • Each participant is able to collect its dues promptly from the ticketing airline and airline-associated companies
  • Settlement effectiveness is 100%
  • IATA’s financial systems processed $387.2 billion during 2013 
    • IATA Clearing House (ICH) — $57.1 billion
    • IATA Currency Clearing Service (ICCS) — $36.4 billion
    • Billing and Settlement Plan (BSP) — $259.1 billion
    • Cargo Account Settlement Systems (CASS) — $31.2 billion
    • Enhancement & Financing (E&F) — $3.3 billion

Updated: May 2014

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