Financial Other

Triton Knoll OFTO Limited has entered into derivative arrangements in the form of RPI swaps linked to UK inflation, converting the majority of its RPI‑indexed transmission revenue cash inflows into a predetermined, rising series of cash flows over the licence period. The company has also put in place other index‑linked contractual arrangements and loan agreements with external lenders, all designed to align cash inflows and outflows and to manage financial risk under its OFTO licence.