Here, we’d be discussing definitions of major terms in the document that you should be familiar with.
1. Allocation Statement: the document issued by the FIFA general secretariat to the FIFA Clearing House that provides it with the necessary information to process payments, notably the paying and receiving parties and the amounts to be distributed.
2. Compliance Assessment: the procedure required to be performed by the FIFA
Clearing House prior to accepting any potential client in order to satisfy financial
regulatory requirements.
3. Dispute Resolution Chamber: the Dispute Resolution Chamber of the Football Tribunal as defined in the Procedural Rules.
4. Distribution Statement: the document generated by the FIFA Clearing House that contains information about payments of training rewards to which the training club(s) in question is (are) entitled.
5. Electronic Player Passport (EPP): an electronic document containing consolidated registration information of a player throughout their career, including the relevant member association, their status (amateur or professional), the type of registration (permanent or loan), and the club(s) (including training category) with which they have been registered since the calendar year of their 12th birthday.
6. First Compliance Assessment: the first step in the FIFA Clearing House’s process of performing a Compliance Assessment for a specific transaction.
7.FIFA Clearing House: the entity that acts as an intermediary in relation to processing certain payments made in the football transfer system.
8. FCH Terms & Conditions: the terms and conditions for a party to take part in a
transaction involving the FIFA Clearing House.
9. Non-Compliant Party: a client of the FIFA Clearing House that fails a First Compliance Assessment and/or a Second Compliance Assessment.
10. Payment Notification: the document issued by the FIFA Clearing House detailing the amount(s) payable to the FIFA Clearing House.
11. Procedural Rules: the Procedural Rules Governing the Football Tribunal.
12. Regulations: these FIFA Clearing House Regulations.
13. RSTP: the FIFA Regulations on the Status and Transfer of Players.
14. Second Compliance Assessment: the second step in the FIFA Clearing House’s process of performing a Compliance Assessment for a specific transaction where a client has failed the First Compliance Assessment.
NB: Terms referring to natural persons are applicable to both genders. Any term in the
singular applies to the plural and vice versa, unless indicated otherwise.
