Reports typically begin running at Midnight of your time zone.
The report ready emails are sent out when the report reaches 100% automatically, or has not had any new rates inserted in seven hours.
Report Ready Emails are sent to the primary contact and to all emails on the distribution list and contain a link to that days report. The emails also list any alerts on the report for Parity, newly available rates and any changed rates.
Here is a sample report Ready Email: