1. Carrier in the role of Offer Responsible Airline (ORA)
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. In the clearance process this can be the Offer Responsible Airline (ORA) in charge of creating the Order. ORA receives the payment information, confirms the payment method and terms and receives the payment commitment from the Seller. Once the commitment is in place then the Carrier in its role as Offer Responsible Airline initiates the Clearance by sending the request for clearance to the Settlement Manager.
2. Seller (Agent)
Interacts with the customer and after customer confirmation requests from ORA to create the Order. It collects payment information and payments and makes payment commitment to ORA and agrees with ORA on payment method and terms.
3. Settlement Manager:
Manages the Settlement Platform and works with the banks of the Remittance Payer and the Settlement Payee to complete the remittance and settlement activities – collecting the funds from the remitting party and instructing payments from its operational account to the bank of the payee. The settlement manager delivers reconciliation information to the Settlement Payee and pursues payment discrepancies by the Remittance Payer. The settlement platform receives Clearance instructions and processes them accordingly. The Settlement Manager, who manages the settlement platform, will collect the funds from the remitting party. The Settlement Manager will also instruct payments from its operational account to the bank of the payee in order to settle the amounts as per the Clearance instructions.
4. Payer or Remittance Payer
The party in the settlement process who makes the payment of funds equivalent to the agreed amount.
5. Payee or Settlement Payee
The party in the settlement process who receives the funds equivalent to the agreed amount.