NOTE 10. CASH AND CASH EQUIVALENTS
Cash and cash equivalents at December 31, 2016 include deposits with financial institutions that have good credit ratings of €99 million (2015: €101 million), investments in money market funds that invest in debt securities of financial institutions that have good credit rating and governments of €24 million and interest-bearing bank accounts of €255 million (2015: €346 million). Our cash and cash equivalents are predominantly denominated in US dollars and partly in euros, Singapore dollars, Korean won, and Japanese Yen.
Bank guarantees exist for an amount of €827 at December 31, 2016 (€700 as per December 31, 2015).
Cash and cash equivalents have insignificant interest rate risk and remaining maturities of three months or less at the date of acquisition. Except for an amount of €3.7 million (2015: €3.7 million), no restrictions on usage of cash and cash equivalents exist. The carrying amount of these assets approximates to their fair value.