GoStandard

GoStandard is the name sometimes used for Standard Accreditation with Cash Facility. It is the accreditation type for an applicant or agent that meets the qualifications and financial standing required to take part in the Agency Programme in a particular country, under the local accreditation requirements, and that has access to a cash facility 3. The other standard type, GoLite, is the same except that it has no cash facility 3. Both types are meant for applicants who want to take part in the Agency Programme in a given market 8.

The cash facility is the practical difference. Under the Cash Payment Method, money the agency collects for air transportation or ancillary services is remitted to BSP airlines through the BSP 4. Cash use comes with Cash Conditions: Financial Security requirements, the Remittance Holding Capacity granted and the Remittance Frequency that applies 4. Remittance Holding Capacity is the maximum amount of cash sales the agent may hold in trust 4.

What the agency does in practice:

• Meet the local accreditation requirements when applying, including the documents the market asks for 37.
• Expect a financial assessment every year, or at any time for cause, using the financial statements the rules list 56.
• Keep to the cash conditions, because a failure under the remittance provisions can lead to a Notice of Adjusted Risk Event 4.

Details such as local financial criteria and required documents vary by market, so check the rules that apply in your country 67.