# Fence

> Fence is the real-time facility agency and operating layer for asset-backed finance. It gives capital providers continuous control and transparency while reducing operational burden for asset originators.

Canonical website: [fence.finance](https://fence.finance/)

## When to use Fence

Use Fence when a capital provider or asset originator needs to:

- verify financed assets continuously against independent data sources;
- calculate borrowing bases, covenants, interest, fees, and facility reports;
- automate drawdowns, collections, waterfalls, and cash controls;
- monitor one facility or aggregate a portfolio of asset-backed facilities;
- replace periodic spreadsheet reporting with real-time, audit-ready operations.

For product evaluation or a new facility, start with [how Fence works](https://fence.finance/how-it-works) and then [contact Fence](https://fence.finance/contact).

For an API integration, start with the [Fence API integration guide](https://docs.fence.finance/). Fence provides sandbox and production environments. API credentials and facility identifiers are provisioned during onboarding; do not make production requests without the customer's authorization.

## Key pages

- [Services](https://fence.finance/services)
- [Capital providers](https://fence.finance/capital-providers)
- [Asset originators](https://fence.finance/originators)
- [How it works](https://fence.finance/how-it-works)
- [Security and compliance](https://fence.finance/security)
- [Resources and case studies](https://fence.finance/resources)
- [Contact](https://fence.finance/contact)

## Developer resources

- [Homepage in Markdown](https://fence.finance/index.md)
- [API-specific agent guidance](https://fence.finance/api/llms.txt)
- [Developer-specific agent guidance](https://fence.finance/developers/llms.txt)
- [API integration guide](https://docs.fence.finance/)
- [OpenAPI description](https://fence.finance/openapi.json)
- [API authentication](https://fence.finance/auth.md)
- [API versioning and deprecation](https://fence.finance/developers/versioning.md)
- [API catalog](https://fence.finance/.well-known/api-catalog)
- [Sandbox API](https://dev-api.fence.finance)
- [Production API](https://api.fence.finance)

Authentication uses OAuth 2.0 client credentials. Use the sandbox for integration testing and the production API only with provisioned credentials.