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Billing and settlement plan (bsp)

The Billing and Settlement Plan (BSP) has facilitated the distribution and settlement of funds between travel agents and airlines safely and securely since 1971. BSP is a system that simplifies procedures for airlines to receive one settlement covering all agents. It also assists with selling, reporting, remitting and improves financial control and cash flow for participating airlines and agents. BSP operates in over 180 countries and territories, processing $236.3 billion in 2017 for over 370 participating airlines with a 99.999% on-time settlement rate.

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BILLING AND SETTLEMENT PLAN (BSP) JIJESH KUMAR J K
1971 Since its launch in 1971, IATA’s Billing and Settlement Plan (BSP) has successfully facilitated the distribution and settlement of funds between travel agents and airlines safely and securely.
BSP BSP is a system designed to simplify - airlines receive one settlement covering all agents - and assist the selling, reporting and remitting procedures and improve financial control and cash flow. IATA members and non-IATA members can join.
BSP- INTRO. 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: there are BSP operations in some 180 countries and territories. The system currently serves more than 370 participating airlines with an on-time settlement rate of 99.999%. In 2017, IATA's BSP processed $236.3 billion.
Benefits of a BSP 1. Simplification 2. Savings 3. Enhanced control
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 resources 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 Participation in a BSP is open to all airlines (IATA members and non-members) serving the country or area concerned. 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 standard agreement. To obtain the local participation criteria and conditions, please contact customer service for your region
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