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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 2012, ICH throughput grew by almost 5% to $51.9 billion in billing transactions processed
  • ICH reduces hundreds of bilateral, multi-currency transactions to one single payable or receivable amount 
  • More than 380 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 over 99.996% 
  • IATA’s financial systems processed $371.5 billion during 2012  
    • IATA Clearing House (ICH)—$51.9 billion 
    • IATA Currency Clearing Service — $36.1 billion 
    • Billing and Settlement Plan (BSP) — $251.8 billion 
    • Cargo Account Settlement Systems (CASS) — $31.7 billion

Updated: December 2013

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