Sessions focus on Clearing House operations and key objectives
Entity to promote financial transparency and integrity within the international transfer system
FIFA concluded a series of seven webinars today with more than 300 representatives from 160 member associations aimed at explaining the operations of the FIFA Clearing House (FCH), which recently received a licence to operate as a payment institution in France.
The interactive webinars gathered together the secretaries general, transfer matching system managers and other representatives of the member associations and focused on the key objectives of the FCH: the centralisation and processing of payments between clubs, initially relating to training rewards (training compensation and solidarity contributions), as well as the promotion of financial transparency and integrity within the international transfer system.
Member associations (and their affiliated clubs) will have a key role in the following FCH process that will kick off very soon:
Training rewards triggers: training rewards triggers (international and domestic transfers, as well as first professional registrations) are declared by member associations and processed by FIFA for identification of potential entitlement.
Electronic player passport (EPP): when a training rewards trigger is identified, an EPP is created with registration information from the relevant member associations. A review process will ensure that the EPP is complete.
Distribution of training rewards through the FCH: the FCH will conduct a compliance assessment of all parties and, once accepted, it will process the payments from the new club to the training clubs.
The FCH has been set up in France as an independent entity and is an essential component of FIFA’s ongoing transfer system reform.
As highlighted by FIFA President Gianni Infantino at the 71st FIFA Congress, there is still a significant imbalance in world football and insufficient rewards for training clubs. To help remedy this, the FCH will ensure that training compensation and solidarity payments are made to the clubs who deserve them. It is estimated that close to USD 400 million should be distributed each year to training clubs, which currently only receive approximately USD 70-80 million.