• Updated on 17 Jun 2020
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Term Name Description
Actor Role played by a user or any other system that interacts with the subject. Actor models a type of role played by an entity that interacts with the subject (e.g., by exchanging signals and data), but which is external to the subject.
Agreement This is the agreement that is the foundation for the settlement being processed. In One Order and NDC this is the “Order”.
Airline Reference ID Identifier provided by the carrier to support their internal financial processes, for example reconciliation. Once provided this identifier is used in all communications thereafter.
Carrier The organization which carries the passenger, baggage, or goods, and/or commits to delivering the carriage as well as any related services such as issuance of ticket, creation of Order, etc.
Cash Any payment that is collected by the agent and settled between the airline and the agent. Refer to IATA Resolution 728 Attachment A for full details.
Clearance The delivery of funds from one party - payer- to another party - the payee - to fulfil contractual obligations, i.e. commitment between the two parties.
Clearance Count Count of the individual clearance transactions identified by unique Clearance ID that are part of the settlement or remittance money transfer or transmitted in a batch.
Clearance ID This is an identifier generated by the party requesting the clearance that uniquely identifies the clearance transaction. It provides the necessary link for financial audit connecting the sale to the financial records. This field is required because no other existing data elements could be used by the financial systems or could provide unique identification. The identifier is globally unique for the settlement by design.
Clearance Process Rule It is a set of codes that defines how the Settlement Manager processes the Clearance
Clearance Status Defines the progress of the individual transaction within the clearance process - has it been accepted, rejected, is it processed, settled or could have status “clawback”, “partially settled”, ‘final” or “cancelled”.
Commercial Document Written record of certain aspects of a commercial transaction, such as an order, commercial invoice, shipping or transport document, certificate of origin.
Commitment to settle payment The delivery of payment information to the party delivering the services (the carrier). It triggers the preparation and delivery of the clearance request based on the payment information from the Agreement (the Order). It is identified with the CommitmentID.
Error Deviation from the intended performance or behaviour, from accuracy or correctness.
eWallet Payment that is facilitated through virtual wallet, where the paying party has deposited funds and the payee is receiving the payment from the wallet rather than the party committing to the payment.
Failure Reason Describes the reason why a request for clearance cannot be performed and effectively the clearance is rejected or the requested action, such as cancelling the clearance, failed.
Fund Transfer Money moved from one financial account to another
Funds Transfer Account Predefined account where the funds are being transferred to or taken out from.
Funds Transfer Method Defines how the funds were paid to the payee or paid by the payer.
Funds Transfer Type Characterizes how the selected method was executed.
Net Clearance Amount Amount agreed to be cleared in the Agreement between the two parties to the Agreement. It is obtained from the Commitment in the Agreement (in One Order and NDC from the PaymentProcessingSummary in the Order).
Non-Settled Amount Amount of the Net Clearance Amount in the individual clearance that remains to be cleared.
Order A uniquely identified record of the agreement of one party with another to receive products and services under specified terms and conditions. Order supports the sale of a flexible range of airline products and services that are not necessarily journey based (e.g. subscription services).
Organization An organized structure set up for a particular purpose, such as a business, government body, department, charity, or financial institution.
Payee An entity (person or organisation) that money is paid to or should be paid to. This is the party receiving funds as a result of the clearance process. The Settlement Manager transfers money to this party’s bank account.
Payer An entity (person or organization) that gives someone money that is due for work done, goods received, or a debt incurred. The party paying funds as a result of the settlement process. This party pays money to the operational account of the settlement platform to clear claims against itself.
Payment Authorization Authorization delivered by the provider of eWallet services confirming that the required funds have been secured from the payer. It is the authorization given by IATA supported vendor like EasyPay, where the settlement is process by IATA.
Payment Commitment Date indicates when payment is considered successful and the sale confirmed by ORA.
Payment Information Information related to the settlement of a transaction through monetary or other compensations. In distribution standard Orders, the presence of Payment Information implies a commitment to pay.
Payment Method A form of procedure for the payment of goods or services. It shows the Settlement Manager how the funds will be remitted and currently there are two options either Cash or eWallet.
Process A series of actions or steps taken in order to achieve a particular end.
Processing Instructions Information related to the processing options.
Reconciliation information Information provided for the purpose of reconciling funds received with accounting entries.
Reject Every Clearance Indicator Indicates if every single Clearance in a message shall be rejected if one Clearance in the same message does not pass validation.
Remit ID Identifier provided by the Settlement Manager to the Payer for the remittance the payer must do.
Remittance The act of sending money somewhere as payment for something.
Remittance Date means the Clearing Bank's close of business on the latest date by which the Agent's (Seller’s) remittance must reach the Clearing Bank or, in cases where authorised by the Passenger Sales Agency Rules, the value date on which the Clearing Bank draws cheques on or debits the Agent's (Seller’s) bank account.
Remittance Payer The party paying funds to perform remittance.
Settle ID Identifier provided by the Settlement Manager to the Payee to identify the money transferred by the Settlement Manager to the Payee’s bank account.
Settlement An act that discharges obligations in respect of funds or securities transfers between two or more parties.
Settlement Date Means the date on which BSP Airlines are credited with monies due. This is the bank value date of the funds transfer performed by the Settlement Manager to the Settlement Payee.
Settlement Manager Manages the Settlement Platform and works with the banks of the Payer and the Payee to complete the remittance and settlement activities. The settlement manager delivers reconciliation information to the Payee and pursues payment discrepancies by the Payer.
Settlement Payee The party receiving funds from settlement.
SwO Schedule Defines the time for the activities related to the payment and transfer of funds.
Total Amount The sum of the amounts of the next lower hierarchical level items that are being aggregated.
Travel Agency A private retailer or public service individual that provides travel and tourism related services to the public on behalf of suppliers such as activities, airlines, car rentals, cruise lines, hotels, railways, travel insurance, and package tours.
Value Date The date on which funds are available for use.