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initial reserves

    0.02 sec.
In amphibious operations, those supplies that normally are unloaded immediately following the assault waves; usually the supplies for the use of the beach organization, battalion landing teams, and other elements of regimental combat teams for the purpose of initiating and sustaining combat until higher supply installations are established. See also reserve supplies.


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Combined with improvements in underwriting discipline, operating efficiencies and a more conservative approach to initial reserves on more recent accident years, these market conditions and the elimination of the earnings drag from adverse loss reserve development should enable the group to improve earnings and internal capital generation in the near term.
The majority of Shinsei's NPLs are covered by a put option, allowing them to be sold back to the Deposit Insurance Corporation at book value less initial reserves, provided certain impairment conditions are met.
Completion and testing of the new well will proceed as soon as possible to determine productive capability and estimate initial reserves.
 
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