MoneyGram 2011 Annual Report Download - page 70

Table of Contents
• our offering of money transfer services through agents in regions that are politically volatile or, in a limited number of cases, that are subject to
certain OFAC restrictions;
• our substantial debt service obligations, significant debt covenant requirements and credit rating;
• sustained financial market illiquidity, or illiquidity at our clearing, cash management and custodial financial institutions;
• our ability to maintain sufficient capital;
• our ability to manage credit risks from our retail agents and official check financial institution customers;
• the ability of MoneyGram and its agents to maintain adequate banking relationships;
• our ability to retain partners to operate our official check and money order businesses;
• our ability to manage fraud risks from consumers or agents;
• our ability to compete effectively;
• our ability to successfully develop and timely introduce new and enhanced products and services;
• our investments in new products, services or infrastructure changes;
• our ability to manage risks associated with our international sales and operations;
• our ability to attract and retain key employees;
• our ability to adequately protect our brand and intellectual property rights and to avoid infringing on the rights of others;
• a security or privacy breach in our systems;
• disruptions to our computer systems and data centers;
• our ability to effectively operate and adapt our technology to match our business growth;
• our ability to manage risks related to the operation of retail locations and the acquisition or start−up of businesses;
• the European debt crisis and market perceptions concerning the euro, the potential re−introduction of individual currencies within the Eurozone or
the potential dissolution of the euro;
• changes in tax laws or an unfavorable outcome with respect to tax positions, or a failure by us to establish adequate reserves for tax events;
• our ability to maintain effective internal controls;
• our capital structure and the special voting rights provided to designees of THL on our Board of Directors; and
• the risks and uncertainties described in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of
Operations” sections of this Annual Report on Form 10−K, as well as any additional risk factors that may be described in our other filings with the
SEC from time to time.
Item 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
Market risk disclosure is discussed under “Enterprise Risk Management” in Item 7 of this Annual Report on Form 10−K.
Item 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
The information called for by Item 8 is found in a separate section of this Annual Report on Form 10−K on pages F−1 through F−65. See the “Index to
Financial Statements” on page F−1.
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