IATA Clearing House definition

IATA Clearing House means the clearing house established by IATA to administer and implement revenue settlement by reference to the Revenue Accounting Manual published by IATA.
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IATA Clearing House means the clearing system operated by IATA through which participating companies can settle their interline xxxxxxxx by offsetting their mutual transaction; ‘‘Indebtedness’’ means indebtedness incurred by the Lessee in respect of (i) moneys borrowed or raised; (ii) any bond, note, loan stock, debenture or similar instrument; (iii) acceptance or documentary credit facilities; (iv) deferred payments for assets or services acquired; (v) payments under leases entered into primarily as a method of raising finance or of financing the asset leased; and (vi) guarantees, bonds, standby letters of credit or other assurances against financial loss in respect of Indebtedness of any person falling within any of (i) to (vi) above; ‘‘Insurances’’ means any and all contracts or policies of insurance, or renewals thereof, required to be effected and maintained by the Lessee pursuant to the provisions of clause 13 and all benefits thereof including claims of whatsoever nature;
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IATA Clearing House. ’ means the clearing system operated by IATA through which participating companies can settle their interline billings by offsetting their mutual transaction;
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Examples of IATA Clearing House in a sentence

  • All relevant details regarding IATA Clearing House Standing Deposit account are as follows.

  • Nominated ICH Primary Contact Salutation: Name: Position: Address: Address: Telephone: Fax: E-Mail: Second ICH Primary Contact(only required if the above nominated ICH Primary Contact is also CFO) Salutation: Name: Position: Address: Address: Telephone: Fax: E-Mail: IATA Clearing House – Financial Contacts Each Company should have two (2) designated Financial Contacts to allow the ICH Finance team to have a point of contact in case of issues relating to payment or settlement with the ICH.

  • In the case of credit-card administrators, they are fully guaranteed by 100% by the issuing institutions.The exposure consists of the term granted, which fluctuates between 1 and 45 days.One of the tools the Company uses for reducing credit risk is to participate in global entities related to the industry, such as IATA, Business Sales Processing (“BSP”), Cargo Account Settlement Systems (“CASS”), IATA Clearing House (“ICH”) and banks (credit cards).

  • Payment shall be effected through the IATA Clearing House unless otherwise agreed in Annex(es) B.

  • Proportional Fare: See "Arbitrary" Rate of Exchange (ROE) is rate based on the IATA Clearing House Rate which will be revised at least 4 times yearly and is to be used for conversion of local currency fares to NUC's and vice versa.

  • Primary Financial Contact Salutation: First Name: Last Name: Position: Telephone: Fax: E-Mail: Secondary Financial Contact Salutation: First Name: Last Name: Position: Telephone: Fax: E-Mail: VAT / GOVERNMENT TAX IDENTIFICATION NUMBER: IATA Clearing House – System Notifications The ICH system sends the following notifications; (a) Advice Day Messag e – contact s receive the balance due to or due from ICH for the current clearance period.

  • In the case of credit-card administrators, they are fully guaranteed by the issuing institutions.The exposure consists of the term granted, which fluctuates between 1 and 45 days.One of the tools the Company uses for reducing credit risk is to participate in global entities related to the industry, such as IATA, Business Sales Processing (BSP), Cargo Account Settlement Systems (“CASS”), IATA Clearing House (“ICH”) and banks (credit cards).

  • The settlement between the two carriers is actioned through IATA Clearing House (ICH) of which both airlines are members.

  • The Customer and AJW confirm that the settlement of any invoices may, at AJW’s sole discretion, be made via the IATA Clearing House.

  • Standing Deposit As per IATA Clearing House Manual Regulation 41(a) – The IATA Clearing House requires that a standing deposit of USD5,000 be deposited to the IATA Clearing House Standing Deposit account.

Related to IATA Clearing House

  • Clearing House means a clearing house recognised by the laws of the jurisdiction in which the Shares (or depositary receipts therefor) are listed or quoted on a stock exchange or interdealer quotation system in such jurisdiction.

  • Automated Clearing House or “ACH” means a national and governmental organization that has authority to process electronic payments, including, but not limited to, the national automated clearing house association and the federal reserve system.

  • Clearing House Rules means the Certificate of Incorporation, the By- Laws and any rule, interpretation, stated policy, or instrument corresponding to any of the foregoing, in each case as adopted or amended from time to time by the Clearing House relating to any or all of the Swaps.

  • Boarding house means a residence in which lodg- ing and meals are provided. Each resident of a boarding house is charged a lump sum to cover the costs of lodging and meals with no separate accounting for the fair selling price of the meals.

  • ACH means automated clearing house transfers.

  • EFT means electronic funds transfer.

  • Clearinghouse means the Federal Motor Carrier Safety Administration Commercial Driver's License Drug and Alcohol Clearinghouse.

  • Rooming house means any dwelling, or that part of a dwelling containing one or more rooming units in which space is let by the owner or operator to three or more persons who are not husband and wife, son or daughter, mother or father, or sister or brother of the owner or operator.

  • Electronic Funds Transfer means any transfer of funds, other than a transaction originated by check, draft, or similar paper instrument, which is initiated through an electronic terminal, telephonic instrument, computer, or magnetic tape so as to order, instruct, or authorize a financial institution to debit or credit an account. Such term includes, but is not limited to, point-of-sale transfers, automated teller machine transactions, transfers initiated by telephone, wire transfers, and automated clearinghouse transfers.

  • Clearing means the clearing and removal of vegetation, whether partially or in whole, including trees and shrubs, as specified;

  • dwelling house means any residential property assessed as real

  • Electronic Funds Transfer (EFT) indicator means a four-character suffix to the unique entity identifier. The suffix is assigned at the discretion of the commercial, nonprofit, or Government entity to establish additional System for Award Management records for identifying alternative EFT accounts (see subpart 32.11) for the same entity.

  • lodging house means a building designed or intended to contain, or containing Lodging Units where the residents share access to common areas of the building, other than the Lodging Units;

  • Appropriate office of the State employment service system means the local office of the federal-state national system or public employment offices with assigned responsibility for serving the area where the employment opening is to be filled, including the District of Columbia, Guam, Puerto Rico, and the Virgin Islands.

  • ACH Network means the funds transfer system, governed by the NACHA Rules, that provides funds transfer services to participating financial institutions.

  • Automated Message Accounting (AMA) is a structure inherent in switch technology that initially records Telecommunication message information. AMA format is contained in the Automated Message Accounting document published by Telcordia (formerly known as Bellcore) as GR-1100-CORE, which defines and amends the industry standard for message recording.

  • Recognised Clearing System means any clearing system listed in Section 246A of the Taxes Act (including, but not limited to, Euroclear, Clearstream Banking AG, Clearstream Banking SA and CREST) or any other system for clearing shares which is designated for the purposes of Chapter 1A in Part 27 of the Taxes Act, by the Irish Revenue Commissioners, as a recognised clearing system.

  • Electronic toll collection system means a system of collecting tolls or charges which is capable of charging an account holder the appropriate toll or charge by transmission of information from an electronic device on a motor vehicle to the toll lane, which information is used to charge the account the appropriate toll or charge.

  • Cash Management Services means any cash management or related services including treasury, depository, return items, overdraft, controlled disbursement, merchant store value cards, e-payables services, electronic funds transfer, interstate depository network, automatic clearing house transfer (including the Automated Clearing House processing of electronic funds transfers through the direct Federal Reserve Fedline system) and other cash management arrangements.

  • Clearing System means Monte Titoli S.p.A., with offices in Piazza degli Affari no. 6, Milan, Italy ("Monte Titoli").