GTSF

AcronymDefinition
GTSFGenomics Technology Support Facility (Michigan State University; East Lansing, MI)
GTSFGeorgia Tech Student Foundation
GTSFGuidance Test and Simulation Facility
References in periodicals archive ?
Though a variety of tools may be employed to manage these issues, IFC's Global Trade Supplier Finance (GTSF) program uniquely addresses supplier sustainability by offering a financial incentive for improvements in supplier social and environmental performance.
The GTSF program has garnered global media attention and has recently been implemented with global brands such as NIKE, Levi Strauss & Co., and PUMA.
- Zooming in on IFC's Supplier Finance Program (GTSF)
- How GTSF can help Drive Improvement in the Sustainability of Suppliers
IFC provides financing to ready-made garment and footwear suppliers through its Global Trade Supplier Finance (GTSF) program, which provides working capital to suppliers backed by receivables from international buyers.
However, 70% of Comerci was acquired by Soriana (or the company ) (the second largest retailer in Mexico) and Soriana intend to continue Comercis existing GTSF line whereby this will be split into two i.e., $10 million will be retained by Comerci, and $20 million will be acquired and used by Soriana.
This GTSF line is proposed in the context of Sorianas acquisition of a group of stores owned by Comerci who is an existing GTSF Client.
IFCs due diligence was performed at two levels, first by evaluating the current application of E&S policies in the existing GTSF program with Comerci and second a review of information regarding procurement practices from Soriana.
The GTSF program will offer these vendors lower cost rates on working capital financing.
IFC provides financing to ready-made garment suppliers through its GTSF program, which provides working capital to suppliers backed by receivables from international buyers.