15 Cash and cash equivalents 20162015Bank deposits13,49013,500Bank balances39,82114,126Balance as at 31 December53,31127,626The bank balances of € 39.8 million are freely available to the Fund as at 31 December 2016. In order to minimalise the costs of the negative interest rate on the bank balances, during 2016 the Fund used 30-day bank deposits. The bank deposits of € 13.5 million have a 30 days' notice period. Share this article