If money market mutual funds shift to a floating net asset value, impose redemption holdbacks or seek additional reserve capital through fees, corporations say they would stop investing in these vehicles and most likely reduce or fully liquidate their holdings, according to data released today by the Association for Financial Professionals.

Preliminary results from the 2012 AFP Liquidity Survey, found that 77% of companies would stop investing if the NAV were allowed to float, with 56% immediately liquidating all or some of their current MMF holdings.

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