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 2012, there were 88 BSPs, covering 177 countries and territories serving about 350 airlines, while gross sales processed amounted to USD 249 billion.
New BSP Georgia was implemented in 2012.
Benefits of a BSP
- 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
- Less resources required for billing and collection
- Electronic distribution of billing reports, and generation of debit/credit memos (ADMs/ACMs) via BSPlink
- 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
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