{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2026,10,21]],"date-time":"2026-10-21T21:38:16Z","timestamp":1792618696029,"version":"4.5.0"},"posted":{"date-parts":[[2026]]},"group-title":"SSRN","reference-count":27,"publisher":"Elsevier BV","license":[{"start":{"date-parts":[[2026,1,1]],"date-time":"2026-01-01T00:00:00Z","timestamp":1767225600000},"content-version":"unspecified","delay-in-days":0,"URL":"https:\/\/creativecommons.org\/licenses\/by-nc-nd\/4.0\/"}],"content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":[],"abstract":"<jats:p>A displayed quotation does not guarantee the sale of a specified asset quantity or final receipt of cash by a deadline. This paper studies ACCESS, a family of funded, transferable, option-like commitments to purchase eligible assets, distinguishing cash-capped rights from fixed-quantity and minimum-proceeds guarantees. We characterize minimum collateral over complete exercise histories and qualifying funding deadlines, and show why sequentially attainable price triggers defeat apparent reserve savings. A finite-state allocation dual and a closed-form coverage-collateral example identify the benefits and costs of jointly backed obligations. Restricted competitive models examine issuance when customers privately know their exercise propensities, adverse selection in secondary trading, and the effect of assignment on underwriting costs. An integrated three-date economy links issuance, resale, exercise, and competitive premiums; a reissuance benchmark shows how readily available equivalent contracts can eliminate the advantage of outstanding commitments. A state-dependent deadline-performance comparison demonstrates why a high aggregate completion rate need not imply better protection during costly market disruptions. Liquidity puts, physically settled options, dealer execution agreements, and shared-capacity mechanisms are important precedents. Numerical illustrations use hypothetical assumptions and reproducible calculations. Neither a new derivatives class nor superior real-world performance over equivalent existing arrangements is established; the framework instead specifies conditional circumstances in which committed execution capacity can add value and circumstances in which it cannot.<\/jats:p>","DOI":"10.2139\/ssrn.7594940","type":"posted-content","created":{"date-parts":[[2026,10,12]],"date-time":"2026-10-12T13:14:04Z","timestamp":1791810844000},"source":"Crossref","is-referenced-by-count":0,"title":["Contingent Execution Rights: Enforceable Capacity, Dynamic Liquidity, and Competitive Limits"],"prefix":"10.2139","author":[{"ORCID":"https:\/\/orcid.org\/0009-0003-0420-7447","authenticated-orcid":true,"given":"L.","family":"Pratap-Arun","sequence":"first","affiliation":[],"role":[{"vocabulary":"crossref","role":"author"}]}],"member":"78","reference":[{"issue":"2","key":"ref1","doi-asserted-by":"crossref","first-page":"5","DOI":"10.21314\/JOR.2001.041","article-title":"Optimal Execution of Portfolio 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