Skip to main content

Test Home
You & IATA

Search

You are here: Home » Services » Financial Services » Simplified Interline Settlement » SIS Forums
  • Print this page
  • Share this page

Settlement Method Indicator

This is a read-only copy of the discussions. To view the original, where you can reply, go here. For info on how to log in, please see the instructions.

Created by Sandra D on 2011-05-25 22:07:47 Back to Topics

Settlement Method Indicator

Can you expand on Settlement Method Indicators (7.2 in ISPG) - 'N' and 'B'. 
Are moneis exchanged or only data?
and if no money is exhange what's the difference between the two?
and can either of them be used for billing a NCH carrier?
Replied by Ashley H on 2011-05-30 14:46:35
Dear Sandra,
 
SMI 'N' and 'B' are significantly different and cannot be used interchangeably.
 
While both of these indicate settlement outside the Clearing House,
 
'N' is specific to Sampling, only contains data and therefore not a Settlement Record - i.e. no exchange of money is involved.

'B' is a Settlement Record, involving money, but not through the Clearing House, which means the parties involved are individually responsible for the settlement of these transactions.
 
Best regards

From:
Posted: Wednesday, May 25, 2011 10:07 PM
Subject: Settlement Method Indicator

Can you expand on Settlement Method Indicators (7.2 in ISPG) - 'N' and 'B'. 
Are moneis exchanged or only data?
and if no money is exhange what's the difference between the two?
and can either of them be used for billing a NCH carrier?
 
ADVERTISEMENT


Additional information

© International Air Transport Association (IATA) 2014. All rights reserved.