22. Cash and cash equivalents

Cash and cash equivalents consist of:

(€ million)At December 31, 2013At December 31, 2012
Cash at banks3,7123,623
Cash with a pre-determined use668670
Money market securities325318
Total Cash and cash equivalents4,7054,611

Amounts shown are readily convertible into cash and are subject to an insignificant risk of changes in value. The carrying amount of cash and cash equivalents is considered to be in line with their fair value at the balance sheet date.

Cash with a pre-determined use mainly consists of amounts whose use is restricted to the repayment of the debt relating to securitizations classified as Asset-backed financing.

The credit risk associated with Cash and cash equivalents is considered not significant, because it mainly relates to deposits spread across primary national and international financial institutions.