Despite the debt crisis in Europe and other shocks experienced by the world economy, the company MoneyGram International notes the increase in the money transfer market. 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. The benefits of money transfers by MoneyGram: the payment of transfers is made in cash. Today, MoneyGram - is the second world leader by the growth of money transfers between individuals and the dynamics of international network services. MoneyGram financial results were driven by money transfer business, which delivered more than 40 percent growth in transaction volume.