Billionaire investor Wilbur Ross said his firm will probably participate in a new Federal Reserve program that seeks to channel $1 trillion into securities backed by consumer debt.

The Term Asset-Backed Securities Loan Facility, or TALF, will lend funds beginning March 25 to investment companies to help fuel the purchase of securities backed by auto and business loans.

Investors that participate in the program can borrow funds based on the amount of money they commit and will be protected against some potential losses.