BSP
E54717
BSP is an acronym used by the International Air Transport Association (IATA) for its Billing and Settlement Plan, a system that streamlines financial transactions between travel agents and airlines.
Statements (37)
| Predicate | Object |
|---|---|
| instanceOf |
Billing and Settlement Plan
ⓘ
airline financial settlement system ⓘ |
| abbreviationOf | Billing and Settlement Plan ⓘ |
| acronymFor | Billing and Settlement Plan ⓘ |
| benefit |
reduces administrative costs for airlines
ⓘ
simplifies remittance procedures for travel agents ⓘ standardizes reporting and settlement ⓘ |
| dataFormat | standardized IATA reporting formats ⓘ |
| developedBy | International Air Transport Association ⓘ |
| field |
air transport
ⓘ
travel industry ⓘ |
| frequency | periodic remittance cycles ⓘ |
| governedBy |
IATA Resolution 762
ⓘ
surface form:
IATA resolutions
|
| handles |
adjustments and reissues of tickets
ⓘ
commission calculations for agents ⓘ refund processing for tickets ⓘ |
| manages |
billing from travel agents to airlines
ⓘ
remittance of funds from agents to airlines ⓘ reporting of ticket sales ⓘ |
| objective |
improve cash flow predictability for airlines
ⓘ
reduce financial risk in agent-airline transactions ⓘ |
| operatedBy | International Air Transport Association ⓘ |
| participants |
IATA-accredited travel agents
ⓘ
member airlines ⓘ |
| purpose |
centralize billing and settlement
ⓘ
streamline financial transactions between travel agents and airlines ⓘ |
| regionCoverage | multiple national and regional markets ⓘ |
| relatedTo |
International Air Transport Association
ⓘ
surface form:
IATA Clearing House
IATA agency program ⓘ |
| scope |
international
ⓘ
multi-airline ⓘ |
| supports |
electronic tickets
ⓘ
paper tickets ⓘ |
| type | clearing and settlement system ⓘ |
| usedBy | International Air Transport Association ⓘ |
| usedIn |
airline ticket distribution
ⓘ
travel agency sales reporting ⓘ |
Referenced by (2)
Full triples — surface form annotated when it differs from this entity's canonical label.