Programmable Collateral
Programmable collateral is collateral that can be governed by rules, allocated dynamically, linked to obligations and restricted or released according to market events.
Definition and Infrastructure Context
Programmable Collateral should be understood in the context of regulated exchange infrastructure, where terminology affects system design, operating rules, market participant workflows and post-trade controls.
ADEX Technology links this definition to relevant exchange technology, clearing, settlement, market infrastructure and operational control pages so institutional readers can understand how the term is used across the infrastructure stack.