What is an exchange transaction?

What is an exchange transaction?

• A. The cancellation of a ticket.
• B. The reissue of a ticket without changing the document.
• C. The exchange of an old ARC traffic document for a new ARC traffic document.
• D. A refund of the fare.

Answer: (C)

An exchange transaction happens when an existing ARC traffic document is swapped for a new one to reflect changes to a ticket, such as a different flight, date, or itinerary. The old document is retired and a new traffic document is issued to capture the updated information and any applicable fare differences or fees. This is distinct from canceling a ticket or issuing a refund, and it’s also different from a reissue that doesn’t involve the formal document swap in ARC’s records. So, exchanging an old ARC traffic document for a new ARC traffic document precisely describes the process.

An exchange transaction happens when an existing ARC traffic document is swapped for a new one to reflect changes to a ticket, such as a different flight, date, or itinerary. The old document is retired and a new traffic document is issued to capture the updated information and any applicable fare differences or fees. This is distinct from canceling a ticket or issuing a refund, and it’s also different from a reissue that doesn’t involve the formal document swap in ARC’s records. So, exchanging an old ARC traffic document for a new ARC traffic document precisely describes the process.