Explain the function of the IATA Clearing House for $5$ marks Example from Textbook: The IATA Clearing House enables the world's airlines and airline associated companies to settle their interline billings Securely, Efficiently and on time. By offsetting their mutual transactions through the IATA Clearing House, participating companies 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. Airline associated companies can also join the Clearing House to settle accounts for services provided by them to airlines.