EXHIBIT 21

SUBSIDIARIES
OF
MONEYGRAM INTERNATIONAL, INC.

•     MoneyGram Payment Systems Worldwide, Inc. (Delaware)

•     MoneyGram Payment Systems, Inc. (Delaware)

•     MoneyGram Investments, LLC (Delaware)

•     Hematite Trust (Delaware)

•     Monazite Trust (Delaware)

•     Long Lake Partners, LLC (Delaware)

•     Ferrum Trust (Delaware)

•     FSMC, Inc. (Minnesota)

  GBP Holdings, Inc. (Minnesota)

•     MoneyGram France, S.A. (France)

•     MoneyGram International Holdings Limited (United Kingdom)

•     MoneyGram International Limited (United Kingdom)

•     MIL Overseas Limited (United Kingdom)

•     MIL Overseas Nigeria Limited

•     MoneyGram Overseas (Pty) Limited South Africa

•     MoneyGram India Private Ltd.

•     MoneyGram of New York LLC (Delaware)

•     MoneyGram Payment Systems Bulgaria, EOOD (Bulgaria)

•     MoneyGram Payment Systems Canada, Inc. (Ontario)

•     MoneyGram Payment Systems Italy S.r.l. (Italy)

•     MoneyGram Payment Systems Spain, S.A. (Spain)

  MoneyGram Securities, LLC (Delaware)

  PropertyBridge, Inc. (Delaware)

•     Travelers Express Co. (P.R.), Inc. (Puerto Rico)

•     Tsavorite Trust (Delaware)