ACCESS: Contingent Execution Rights — Enforceable Capacity, Dynamic Liquidity, and Competitive Limits

ACCESS examines a proposed market for funded, transferable rights to execute asset sales against committed purchasing facilities. The paper develops theoretical models of collateral adequacy, execution deadlines, competitive underwriting, adverse selection, secondary-market transfers, and liquidity allocation. It derives conditions under which committed execution capacity can generate economic value and examines the limitations imposed by existing financial instruments and alternative clearing arrangements. The research includes formal mathematical results and reproducible computational illustrations using hypothetical parameters. It does not claim to establish a previously unknown derivatives class or demonstrated commercial superiority over equivalent existing contracts.