For both capital and income contracts, with and without inflation, the corrected initial funds (after adjusting the discount rates) are shown below. While the initial MtM discount rates were always based upon gilt yields, the initial required funds do vary according to proposed investment strategy. Ranging between 1 and 6, the numbers on the right are the ranks (highest at top), with the outliers shaded in green. Using conventional gilts to fund index-linked benefits is really expensive, which is also the case when using index-linked gilts to fund fixed benefits.

Because the cashflows are identical, the MtM and Off starting funds are exactly the same.