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Glossary · Air ticketing: GDS & NDC

What is BSP?

BSP (Billing and Settlement Plan)

An IATA system that consolidates the billing and payment between airlines and accredited travel agencies, so an agency settles one statement rather than paying each airline separately. BSP participation is tied to IATA accreditation.

Related terms

ADM / ACM (Agency Debit / Credit Memo)
An ADM is a charge an airline raises against a travel agency, usually through BSP, to recover money when a ticket was issued or handled against the airline's rules…
IATA accreditation
Recognition by the International Air Transport Association that allows a travel agency to issue airline tickets and participate in settlement schemes such as BSP. It…
ARC (Airlines Reporting Corporation)
The US equivalent of BSP: ARC handles ticketing settlement and accreditation between airlines and travel agencies in the United States. Agencies typically reconcile…
Validating (plating) carrier
The airline under whose ticket stock an e-ticket is issued and which settles the fare through BSP. On multi-airline itineraries the agency chooses a validating…
Back-office
The accounting and administrative side of a travel business: invoicing, supplier reconciliation, BSP/ARC settlement, ledgers and reporting. Travel-specific…

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