BSP

E54717

BSP is an acronym used by the International Air Transport Association (IATA) for its Billing and Settlement Plan, a system that streamlines financial transactions between travel agents and airlines.

AI illustration

How this image was made

AI-generated illustration of BSP

This AI-generated illustration was produced by black-forest-labs/FLUX.2-dev (1024x1024) from a prompt written by openai/gpt-oss-120b from the entity's label + description.

Prompt

Generate an image of BSP (BSP is an acronym used by the International Air Transport Association (IATA) for its Billing and Settlement Plan, a system that streamlines financial transactions between travel agents and airlines.)

All labels observed (1)

Label Occurrences
BSP canonical 2

How this entity was disambiguated

Statements (37)

Predicate Object
instanceOf Billing and Settlement Plan ⓘ
airline financial settlement system ⓘ
abbreviationOf Billing and Settlement Plan ⓘ
acronymFor Billing and Settlement Plan ⓘ
benefit reduces administrative costs for airlines ⓘ
simplifies remittance procedures for travel agents ⓘ
standardizes reporting and settlement ⓘ
dataFormat standardized IATA reporting formats ⓘ
developedBy International Air Transport Association ⓘ
field air transport ⓘ
travel industry ⓘ
frequency periodic remittance cycles ⓘ
governedBy IATA resolutions ⓘ
linked to: IATA Resolution 762
handles adjustments and reissues of tickets ⓘ
commission calculations for agents ⓘ
refund processing for tickets ⓘ
manages billing from travel agents to airlines ⓘ
remittance of funds from agents to airlines ⓘ
reporting of ticket sales ⓘ
objective improve cash flow predictability for airlines ⓘ
reduce financial risk in agent-airline transactions ⓘ
operatedBy International Air Transport Association ⓘ
participants IATA-accredited travel agents ⓘ
member airlines ⓘ
purpose centralize billing and settlement ⓘ
streamline financial transactions between travel agents and airlines ⓘ
regionCoverage multiple national and regional markets ⓘ
relatedTo IATA Clearing House ⓘ
IATA agency program ⓘ
scope international ⓘ
multi-airline ⓘ
supports electronic tickets ⓘ
paper tickets ⓘ
type clearing and settlement system ⓘ
usedBy International Air Transport Association ⓘ
usedIn airline ticket distribution ⓘ
travel agency sales reporting ⓘ

How these facts were elicited

Referenced by (2)

Full triples — surface form annotated when it differs from this entity's canonical label.