Iata- Billing and Settlement Plan
Billing and Settlement Plan (BSP)
BSP is a system designed to facilitate and simplify the selling, reporting and remitting procedures of IATA Accredited Passenger Sales Agents, as well as improve financial control and cash flow for BSP Airlines.
A truly worldwide system: at the close of 2009, there were 86 BSPs, covering more than 160 countries and territories serving about 400 airlines, while gross sales processed amounted to USD 191 billion.
NOTE: Earlier the head office was in sharjah but they have recently shifted it to OMAN.
Benefits of a BSP
Simplification: * Agents issue one sales report and remit one amount to a central point. * Airlines receive one settlement covering all agents. * Simplifies and reduces work through the use of electronic ticketing on behalf of all BSP Airlines. * Agents’ sales are reported electronically.
Savings:
* Less resource required for billing and collection. * Electronic distribution of billing reports, and generation of debit/credit memos (ADMs/ACMs) via BSPlink.
Enhanced Control: * Increased financial control thanks to centralization and grouping. * Consolidated document flow, permitting accelerated quality controls. * Overall process monitoring by a neutral body.
Participation in a BSP
AIRLINES and AGENTS both can participate in a BSP. It is open to all airlines (IATA members and non-members) serving the country or area concerned. Agents have to be accredited by IATA in order to use the BSP sustem
IATA Accredited Agents:
All IATA Accredited Agents in the BSP country of operation are automatically eligible for participation in a BSP. When a new BSP commences operations in a country, all Agents are notified by IATA and invited to participate.
General Sales Agents (GSAs) and Airport Handling Agents (AHA):
GSAs and AHAs may participate in a BSP (in the same way as Accredited Agents), on nomination by the airline they represent, and subject to the airline entering into a
BSP is a system designed to facilitate and simplify the selling, reporting and remitting procedures of IATA Accredited Passenger Sales Agents, as well as improve financial control and cash flow for BSP Airlines.
A truly worldwide system: at the close of 2009, there were 86 BSPs, covering more than 160 countries and territories serving about 400 airlines, while gross sales processed amounted to USD 191 billion.
NOTE: Earlier the head office was in sharjah but they have recently shifted it to OMAN.
Benefits of a BSP
Simplification: * Agents issue one sales report and remit one amount to a central point. * Airlines receive one settlement covering all agents. * Simplifies and reduces work through the use of electronic ticketing on behalf of all BSP Airlines. * Agents’ sales are reported electronically.
Savings:
* Less resource required for billing and collection. * Electronic distribution of billing reports, and generation of debit/credit memos (ADMs/ACMs) via BSPlink.
Enhanced Control: * Increased financial control thanks to centralization and grouping. * Consolidated document flow, permitting accelerated quality controls. * Overall process monitoring by a neutral body.
Participation in a BSP
AIRLINES and AGENTS both can participate in a BSP. It is open to all airlines (IATA members and non-members) serving the country or area concerned. Agents have to be accredited by IATA in order to use the BSP sustem
IATA Accredited Agents:
All IATA Accredited Agents in the BSP country of operation are automatically eligible for participation in a BSP. When a new BSP commences operations in a country, all Agents are notified by IATA and invited to participate.
General Sales Agents (GSAs) and Airport Handling Agents (AHA):
GSAs and AHAs may participate in a BSP (in the same way as Accredited Agents), on nomination by the airline they represent, and subject to the airline entering into a