See accounting policy R.
| | 31 December 2023 | 31 December 2022 |
|---|---|---|
| Due from banks | 4,681 | 1,645 |
| Due from banks falling due within three months | 3,229 | 601 |
| | | |
| Total cash and cash equivalents | 7,910 | 2,246 |
a.s.r. has cash amounting to € 3.229 million (2022: € 601 million) that has been transferred as part of a securities lending programme, but does not qualify for derecognition. For more information see chapter 7.5.5.1.
Cash and cash equivalents include cash and demand balances held at DNB. DNB requires Knab to place 1% of their deposits with agreed maturity or the savings accounts (without restrictions to withdraw their money) in an account with DNB. These deposits are not freely available. This so-called minimum reserve is renewed each maintenance period consisting of approximately 6 weeks. An interest of 2,2% is received on this minimum reserve (2022: 2,5%).
| | 2023 | 2022 |
|---|---|---|
| Average balance on deposit with DNB at year-end | 70 | 198 |
| Average minimum required balance on deposit by DNB for year-end | 84 | 82 |
All other cash and cash equivalents are freely available. The cash components include € 2,824 million (2022: € 249 million) related to cash collateral received on derivative instruments and is managed separately from other cash equivalents.
The claim related to cash collateral paid on derivative instruments is included in the amount loans to credit institutions (see chapter 7.5.5.2). Debt related to cash collateral received on derivatives instruments is included in the amount due to banks (see chapter 7.5.19).
Interest expenses on cash collateral is mainly based on €STR (2022: €STR).