The IATA Clearing House provides a competitive, seamless secure service providing an 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.
Each week, 350+ Members and Participants of the IATA Clearing House settle multi-million dollar transactions. An interclearance agreement with the US-based Airlines Clearing House (ACH), allows for 450+ Airlines and Participants to settle their accounts through this IATA service. Some 70% of the annual multi-billion dollar interline transactions are settled through the netting process thus requiring minimal movement of funds, assuring high credit and currency protection to its users.