The FIFA Club World Cup is an international competition featuring the champion clubs from each of FIFA's six continental confederations, along with the host nation's league champion. Standings are determined by a single-elimination tournament format, meaning teams advance through knockout rounds. There are no group stages. Winning teams progress to the next round, culminating in a final match to determine the champion. Teams that lose in the earlier rounds participate in placement matches to determine the final standings for third, fifth, and sometimes seventh place. The winner of the final claims the title of FIFA Club World Cup champion.