15 Cash and cash equivalents 20192018Bank deposits20,00020,000Bank balances80,18824,976Balance as at 31 December100,18844,976The bank balances of € 80.0 million are freely available to the Fund as at 31 December 2019. In order to minimalise the costs of the negative interest rate on the bank balances, in 2019 the Fund used 30-day bank deposits. The bank deposits of € 20 million have a 30-day notice period. Share this article