Bank settlement plan Singapore

Abstract

A BSP is a payment and settlement system between travel agents and airlines. It is certainly an effective payment system, greatly minimising the contacts between travel agents and airlines. Industry support for this new system is reflected in the accreditation of 163 agents from the mere fwe agents when it was first introduced on 16 October 1991. 'This project discusses the operations of BSP Singapore, its benefits especially to agents and airlines and the possibility of applying its concepts to the shipping industry. In due course, we hope that this study will serve as an useful reference, providing interested parties with a basic waking knowledge of BSP Singapore.BUSINES