Final answer:
Enrollment in the ABCP program can vary depending on the specific company or institution offering it. Generally, enrollment for investors starts when the program is launched and offerings are made available.
Step-by-step explanation:
Enrollment in the Asset-Backed Commercial Paper (ABCP) program can vary depending on the specific company or institution offering it. Generally, enrollment for investors starts when the program is launched and offerings are made available. Companies may issue new ABCP on an ongoing basis, and investors can participate by purchasing these commercial papers.
For example, ABCP programs may be offered by financial institutions such as banks or special purpose vehicles (SPVs). These institutions may set specific enrollment periods and provide information about the program, eligibility requirements, and how to participate. Investors should consult the relevant company or institution offering the ABCP for detailed information regarding enrollment dates and procedures.
It is important to note that enrollment in the ABCP program is typically only open to accredited investors or institutional investors with considerable financial resources and expertise.