15 Cash and cash equivalents 20172016Bank deposits100,000100,000Bank balances75,31014,165Balance as at 31 December175,310114,165The bank balances of € 75.3 million are freely available to the Fund as at 31 December 2017. In order to minimalise the costs of the negative interest rate on the bank balances, in 2017 the Fund used 30-day bank deposits. The bank deposits of € 100 million have a 30-day notice period. Share this article