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IATA’s global cash management service provides an efficient and cost-effective solution for controlling and repatriating global funds.

Find out more about Currency Repatriation 

 

Between managing international banking processes, tracking banking fees, and paying transfer charges, handling global funds can be time-consuming and costly.

Simplifying these processes requires a streamlined, centralized management system for your global sales. IATA’s Currency Clearance Service (ICCS) gives airline treasurers an easy-to-use tool to monitor, manage, exchange, and repatriate international funds to maximize efficiency while saving time and money.

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​With ICCS, you can:

 

  • Gain greater control over your global fund repatriation with one centralized system.
  • Improve cash planning with advanced access to receivables information.
  • Improve working capital management and reduce foreign exchange risk with accelerated repatriation of foreign sales.
  • Save time on international banking activities.
  • Reduce currency conversion costs.
  • Minimize banking fees and transfer charges.

IATA Currency Repatriation 2023 Update

 

Currency repatriation is a crucial aspect of financial management for companies, such as airlines, that operate in the global industry. With operations spanning multiple countries, airlines face unique challenges in managing their finances, including repatriating revenue, dealing with exchange rate fluctuations, and complying with diverse regulatory frameworks.

To navigate these complexities effectively, download our latest report on currency repatriation today!

      

ICCS Features include: 

 

Multiple integrations Operational flexibitlity Regular updates
Outsource your end-to-end processing of international sales links to BSP, CASS, GSA, and Credit Card Settlement. Connect to an unparalleled global banking network and benefit from industry-wide terms and conditions. Receive expected incoming sales and respective due dates before each BSP/CASS settlement.
Timely processing Comprehensive reporting Tailored solutions
ICCS will follow your airline’s currency instructions and transfer funds to the designated airline bank accounts. Receive final reports on amounts transferred, value dates, and applied FX rates. IATA offers customized solutions calibrated to each airline's size and needs.

Over 400 airlines use ICCS to clear their global sales, with a throughput of $41 Billion in 2024 - and more are joining every day!

 

Find out more about ICCS and how it can help you.