Mastercard has 6 cycles clearing cycles per day, seven days per week. After each clearing cycle, Mastercard sends us clearing files, which contain the settlement data.
We wait until we process all 8 cycles before generating the transaction XML report. We send you a single daily file.
Data from cycles 5-8 from the night before and 1-4 from current day form a compete settlement day picture for most regions. These contain all the information you need to reconcile your settlements with Mastercard.