A clearing house settlement system including a central host that manages information received from a number of institutions participating in a clearing house exchange. The host system receives presentment information from the institution participating in the clearing house exchange, processes the information, provides settlement calculations, provides various reports and information to the participating institutions regarding the exchange and provides communication between the participating institutions regarding the exchange. The host system being a web based system for communicating information over the Internet thus enabling participating institutions to access the central host to provide and retrieve information regarding the exchange on demand.