When sending the transfer via MoneyGram in one currency and receiving it in another, then currency conversion is carried out at the current rate of sales of current service point. 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. MoneyGram completed the rollout of simplified pricing for money transfer services in the U.S., an initiative that began last year. Today, MoneyGram - is the second world leader by the growth of money transfers between individuals and the dynamics of international network services.