What is settled data?

What is settled data?

• A. Ticket transactions that have been processed or settled in IAR.
• B. Ticket transactions that have not been processed or settled in IAR.
• C. Data that has been archived.
• D. Data used for billing only.

Answer: (A)

Settled data are the ticket transactions that have gone through the processing and settlement steps in the IAR system, meaning the financial reconciliation between parties is complete and the records are closed for those tickets. This status indicates the data are ready for final reporting and billing cycles, with a stable, auditable trail. If data are not settled, they’re still in processing and may be subject to adjustments. Archived data are older records kept for reference and not part of the active settlement set. Data used for billing only isn’t necessarily settled yet and doesn’t define the settled state.

Settled data are the ticket transactions that have gone through the processing and settlement steps in the IAR system, meaning the financial reconciliation between parties is complete and the records are closed for those tickets. This status indicates the data are ready for final reporting and billing cycles, with a stable, auditable trail.

If data are not settled, they’re still in processing and may be subject to adjustments. Archived data are older records kept for reference and not part of the active settlement set. Data used for billing only isn’t necessarily settled yet and doesn’t define the settled state.