Working Capital Facility (Notes)

9 Months Ended

Sep. 30, 2019

Working Capital Facility [Abstract]

Schedule of Line of Credit Facilities [Table Text Block]

Working Capital Facility

The Company maintains working capital debt facilities with banks in India for working capital funding requirements to support our foreign exchange, travel and remittance businesses. We are required to extend short term credits to franchisee networks (B2B) and corporate customers. Additionally we are required to maintain minimum levels of foreign currency inventory across branches and airport operations.  Typically, these facilities carry interest rates 9% to 10% and are rupee denominated working capital lines and are collateralized against the receivables of these businesses and existing foreign currency inventory on hand.

As of September 30, 2019 and December 31, 2018, the total of these working capital facilities was $35.8 million and $17.8 million, respectively, and is included in current liabilities in the Company's Condensed Consolidated Balance Sheet.