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• Interline agreements make it possible for passengers and freight-shippers to purchase multi-sector journeys involving transportation on any number of different airlines
• The IATA Clearing House (ICH) enables the world's airlines and airline-associated companies to settle their interline billings securely, efficiently and on-time
• ICH reduces hundreds of bilateral, multi-currency transactions to one single payable or receivable amount 
• More than 475 airlines and associates settle their accounts on a weekly basis
• 68% of these are settled through the netting process
• Requiring no movement of funds
• Assuring improved credit risk management, and
• Protection against exchange rate movements 
• Each participant is able to collect its dues promptly from the ticketing airline and airline-associated companies
• Settlement effectiveness is over 99.963%
• The IATA Clearing House settles nearly $43 billion in interline and service transactions each year
• In 2010 the average period between interline billing transaction and its settlement was 12 days
• IATA’s financial systems processed about $323 billion during 2010
• IATA Clearing House—$43.7 billion
• IATA Currency Clearing Service — $29.1 billion
• Billing and Settlement Plan (BSP) — $221 billion
• Cargo Account Settlement Systems (CASS) — $29.2 billion 

Updated: December 2011