SWIFT ISO 15022 - Code CYCL Meaning Awaiting Next Settlement Cycle: Instruction is confirmed in the local market or is ready for settlement, awaiting next settlement cycle. Usages Message type Field number Tag MT537 (Statement of Pending Transactions) 19 24B (Reason) MT537 (Statement of Pending Transactions) 65 24B (Reason) MT548 (Settlement Status and Processing Advice) 12 24B (Reason) MT549 (Request for Statement/Status Advice) 17 24B (Reason)