IATA Currency Clearance Service (ICCS)
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IATA Currency Clearance Service
Simplifying the business of airline treasury.
ICCS is the global cash management service that enables airline Treasurers to centrally control and repatriate their world-wide sales funds. It is currently used by over 270 airlines of varying sizes and had a throughput in 2010 of USD29 billion.
ICCS benefits
- Centralized control of global funds repatriation.
- Advanced access to receivables information allowing for more effective cash planning.
- Reduced time spent on international banking activities resulting in manpower savings.
- Accelerated repatriation of foreign sales funds resulting in improved working capital management and reduced foreign exchange risk.
- Decreased currency conversion costs gained from optimal foreign exchange rates.
- Reduced banking fees and transfer charges.
Find out how ICCS works
General Sales Agent (GSA) Sales
Learn more about how airlines can clear their foreign GSA sales (pdf) proceeds through the ICCS process.
Credit Card Sales
Learn more about how airlines can clear their foreign
Credit Card Sales (pdf) proceeds through the ICCS process.
IATA's Airlines Treasury Conference