"2007 AFP Liquidity Survey" Shows Corp Liquidity Up, Portal Use Down. The Association of Financial Professionals (AFP) just released the results of its "2007 AFP Liquidity Survey", sponsored by Citi. Among the key findings relating to money market mutual funds: 36% of companies held larger cash balances in May 2007 than 6 months prior (45% experience no change); almost all organizations allow bank deposits and T-bills, but just 76% permit the use of money funds; 23% of companies "use an electronic, multi-family trading portal to execute" some short-term investment trades (this compares to 24% in the 2006 survey); "organizations using trading portals move an average" of 74% of money fund trades through the portal; one-third of organizations reduced auction-rate securities or variable rate demand note holdings after accounting firms "ruled that these instruments were not cash equivalents".

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