Definitions

Settlement Plan

Rail Settlement Plan

The Rail Settlement Plan or RSP is, in the ticketing system of the British railway network, the process that enables the revenue received from the purchase of generic, non-company specific train tickets to be split amongst the retailing station and the train operating companies (TOCs) that run trains along the route or parts of the route where the ticket is valid for travel.

For example, the same railway ticket is valid from London Bridge to East Croydon on all services. The RSP provides a process to share the revenue between Network Rail (owners of London Bridge station) and the three train operating companies who run trains along this route (Southern, First Capital Connect and Southeastern).

Another example of the benefits of RSP is the purchase of travelcards in London, where unlimited travel is valid within certain zones in the London area.

The RSP also produces the National Rail Conditions of Carriage; the basic terms of the contract established when a customer purchases a ticket to travel.

The RSP is administrated by the not-for-profit company, Rail Settlement Plan Limited or RSPL. RSPL is jointly owned by the train operating companies in the UK, via the Association of Train Operating Companies.

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