Short-term debt and short-term debt from related parties

6 Months Ended

Jun. 30, 2018

Short-term debt and short-term debt from related parties

Short-term debt and short-term debt from related parties

7. Short-term debt and short-term debt from related parties

At June 30, 2018 and December 31, 2017, short-term debt and short-term debt from related parties consisted of the following:

Short-term debt and short-term debt from related parties
in € THOUS
	June 30,	December 31,
	2018	2017
Commercial paper program	804.884	679.886
Borrowings under lines of credit	66.930	79.313
Other	1.456	1.080
Short-term debt	873.270	760.279
Short-term debt from related parties (see note 3 b)	3.054	9.000
Short-term debt and short-term debt from related parties	876.324	769.279

The Company and certain consolidated entities operate a multi-currency notional pooling cash management system. The Company met the conditions to offset balances within this cash pool for reporting purposes. At June 30, 2018and December 31, 2017, cash and borrowings under lines of credit in the amount of €619.605 and €318.654were offset under this cash management system.

Commercial paper program

The Company maintains a commercial paper program under which short-term notes of up to €1,000,000 can be issued. At June 30, 2018and December 31, 2017, the outstanding commercial paper amounted to €805.000and €680.000, respectively.

Other

At June 30,2018 and December 31, 2017, the Company had €1.456 and €1.080of other debt outstanding related to fixed payments outstanding for acquisitions.

Short-term debt from related parties

The Company is party to an unsecured loan agreement with Fresenius SE under which the Company or FMCH may request and receive one or more short-term advances up to an aggregate amount of $400,000 until maturityon July 31, 2022.For further information on short-term debt from related parties, see note 3b).