After the recent implementation of this new body created by FIFA, it is interesting to remember what the Clearing House is, its functions and how it works.
According to the definition given by FIFA, the FIFA Clearing House (FCH) is a separate entity from FIFA and was established to act as an intermediary in payments deriving from the football transfer system. This Paris-based entity, which operates under the licence of the French banking supervisory authority, grew out of the decision to establish a new Clearing House as a part of a reform package of the transfer system endorsed by the Football Stakeholders Committee in September 2018. Although its implementation has been delayed on several occasions, since this year, it has started to work in some aspects, such as training compensation and solidarity mechanism in transfers.
The main objective for implementing this reform was the fair distribution of the money that is paid in a transfer, as it is necessary that...
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