IATA Launches Global Clearing House for Airline Settlements

IATA Launches Global Clearing House for Airline Settlements

IATA Clearing House exchange rates are the authoritative standard for interline settlement among airlines, comprising FDR, MMR, and CDR rates. They aim to reduce exchange rate risks, simplify settlement processes, and improve operational efficiency. The annual subscription provides PDF and TXT format files for easy system integration, making it a smart choice for airline financial settlement. This ensures accurate and efficient interline billing and revenue accounting across the global airline network.

01/05/2026 Exchange Rate Query
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Guide to Using SOLADEST660 SWIFT Code for Global Transfers

Guide to Using SOLADEST660 SWIFT Code for Global Transfers

This article analyzes LANDESBANK's SWIFT code, SOLADEST660, and provides usage tips. It compares Xe with traditional bank transfers, highlighting Xe's advantages in exchange rates, fees, and speed. Specifically, it emphasizes that Xe often offers better exchange rates, lower fees, and faster processing times compared to conventional bank transfers for international money transfers involving LANDESBANK and other German banks. This makes Xe a potentially more cost-effective and efficient option for sending money abroad.

09/03/2025 International Settlement
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Worldfirst Expands Crossborder Ecommerce Currency Solutions

Worldfirst Expands Crossborder Ecommerce Currency Solutions

This article delves into the meaning and acquisition methods of WorldFirst's foreign exchange settlement quota, differentiating it from the State Administration of Foreign Exchange's $50,000 quota. By managing authorization or uploading transaction records, cross-border e-commerce sellers can obtain a settlement quota, allowing them to withdraw overseas sales revenue in RMB to domestic accounts, without being restricted by the $50,000 foreign exchange limit. Mastering these techniques can effectively solve cross-border payment and settlement challenges.

12/29/2025 International Settlement
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