IATA Clearing House volume rose to $29.2 billion in 1997
IATA Clearing House settled $29.2 billion worth of transactions for its 279 members and participants in 1997, up 4.5% from 1996. More than 83% of debts did not need cash transfers and were settled through netting. Passenger interline business increased 4.7% to $17.9 billion, representing 61.4% of...
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