15 Cash and cash equivalents 20182017Bank deposits--Bank balances20,52121,486Balance as at 31 December20,52121,486The bank balances of € 20.5 million are freely available to the Fund as at 31 December 2018. In order to minimalise the costs of the negative interest rate on the bank balances, during 2018 the Fund used 30-day bank deposits. The bank deposits have a 30 days' notice period. Share this article