SETTLEMENT INFORMATION. The SIS application interfaces with two clearing houses: The IATA Clearing House (ICH), and the Airlines Clearing House (ACH). Based on the instructions provided by the billing entity, SIS generates a summary statement of the billed invoices and forwards it to the respective clearing house for settlement. In case of ICH, SIS generates claim files every 10 minutes whereas in caseof ACH the settlement information is generated and passed only once at the billing period closure.
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Samples: Standard Agreement for Sis Participation, Standard Agreement for Sis Participation
SETTLEMENT INFORMATION. The SIS application interfaces with two clearing houses: The IATA Clearing House (ICH), ) and the Airlines Clearing House (ACH). Based on the instructions provided by the billing entity, SIS generates a summary statement of the billed invoices and forwards it to the respective clearing house for settlement. In case of ICH, SIS generates claim files every 10 minutes whereas in caseof case of ACH the settlement information is generated and passed only once at the billing period closure.
Appears in 1 contract
Samples: Participation Agreement
SETTLEMENT INFORMATION. The SIS application interfaces with two clearing houses: The IATA Clearing House (ICH), and the Airlines Clearing House (ACH). Based on the instructions provided by the billing entity, SIS generates a summary statement of the billed invoices and forwards it to the respective clearing house for settlement. In case of ICH, SIS generates claim files every 10 minutes whereas in caseof case of ACH the settlement information is generated and passed only once at the billing period closure.
Appears in 1 contract
