15 Cash and cash equivalents 20172016Bank deposits-13,490Bank balances21,48639,821Balance as at 31 December21,48653,311The bank balances of € 21.5 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, during 2017 the Fund used 30-day bank deposits. The bank deposits of have a 30 days' notice period. Share this article