The IATA Clearing House provides a competitive, seamless and secure service providing efficient, on-time settling of interline accounts between the world's airlines, airline-associated companies and Travel Partners.
Offsetting of mutual transactions can reduce hundreds of bi-lateral, multi-currency transactions for passenger, cargo, baggage, catering, ground-handling and other services to one single payable or receivable amount.
A record of $57.8 billion in billing transactions was processed by ICH in 2014, almost a 10% increase from 2013, with a settlement success rate of 100%.
All ICH transactions flow through the Simplified Interline Settlement (SIS) system, which has some 500 participants. In 2015, IATA is seeking to increase membership numbers.