Money transfers via MoneyGram system can be used as by bank customers, and by people who do not have bank accounts. After the correction of tariffs, volumes of MoneyGram transfers increased by 30%. In 2011, a global network of agents of MoneyGram has grown up to 256 000 service points, thus its growth is 24% compared to the same period of the previous year. As part of the 2008 Recapitalization, our wholly owned subsidiary, MoneyGram Payment Systems Worldwide, Inc., issued Goldman Sachs $500.0 million of senior secured second lien notes with a 10-year maturity.