Call Day Rates (CDR)

The Call Day Rates are the exchange rates for the one day each month, five days after the Advice Day, that the IATA Clearing House accepts or makes payments.  CDR's are calculated by taking an average of the buying and selling rates on the day of payment.  These Rates are used to ensure that ICH customers are not exposed to any currency exchange risk on miscellaneous interline billings that may occur between the time an invoice is issued and the time that an invoice is settled.