Group	NARL €'000	NAMA Group (excluding NARL) €'000	2013 NAMA Group €'000	2012 NAMA Group €'000
Balances with the Central Bank of Ireland	332,420	1,405,763	1,738,183	2,142,922
Balances with other banks	20	83,793	83,813	62,266
Term deposits	-	31,240	31,240	30,634
Exchequer note investments	-	1,600,000	1,600,000	-
Total cash and cash equivalents	332,440	3,120,796	3,453,236	2,235,822
Cash placed as collateral with the NTMA	63,000	739,000	802,000	1,150,000
Total cash, cash equivalents and collateral	395,440	3,859,796	4,255,236	3,385,822

Agency	2013 €'000	2012 €'000
Balances with the Central Bank of Ireland	1,152	1,268
Total cash and cash equivalents	1,152	1,268

Balances with other banks comprise balances held with Citibank, AIB and BNP. Exchequer notes are short term interest bearing notes, with maturities generally less than 30 days, which are held with the NTMA.

In accordance with an agreement entered into between NAMA and the NTMA in 2012, NAMA is required to post cash collateral with the NTMA under a collateral posting agreement (CPA). The NTMA is the counterparty to all NAMA derivatives (other than those acquired from borrowers). The NTMA require cash to be placed with it as collateral to reduce the exposure it has to NAMA with regard to its derivative positions. At 31 December 2013, NAMA's derivative liability exposure was €0.6bn (2012: €1.2bn) as set out in Note 19.

A similar CPA was entered into between NARL and the NTMA in December 2013, which requires NARL to place collateral on deposit with the NTMA to reduce the NTMA exposure to NARL derivatives. The amounts placed as collateral by NARL at 31 December 2013 was €63m.

In 2011 an amount of $135,515 was placed on deposit in a segregated account. This amount will be held in a segregated account until a legal claim pending in relation to a debtor is settled. On settlement the amount will be refunded to NAMA or retained by a third party, pending the outcome of the legal claim. This amount has not been reported as part of the Group's cash balance and was still held in escrow at the reporting date.

At the reporting date there is an amount of €14.6m held in an escrow account in the Group's name. This amount is in respect of the outcome of due diligence procedures on AIB Tranche 9 loans. On completion of due diligence by AIB part or the entire amount will be either transferred to the Group's bank account or retained by AIB. The balance on this account is assessed on a six monthly basis. The next review date is 1 May 2014. No amounts were settled in 2013.