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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
    • 70% of these are settled through the netting process
  • ICH reduces hundreds of bilateral, multi-currency transactions to one single payable or receivable amount
  • More than 400 airlines and associates settle their accounts on a weekly basis
  • Each participant is able to collect its dues promptly from the ticketing airline and airline-associated companies
  • Settlement success rate in 2013 was 99.9996% and 100% as at 31 October 2014
  • IATA Clearing House (ICH) processed $57.1 billion in 2013 

December 2014

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