Also found in: Financial.
OTTIOther Than Temporarily Impaired
OTTIOffice of Travel and Tourism Industries
OTTIOstbayrisches Technologie Transfer Institut
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The $8.15 billion Members United Corporate FCU and $3 billion Southeast Corporate FCU are both covering new OTTIs with existing retained earnings, the credit unions announced in separate releases July 26.
The seized $22 billion Western Corporate FCU reported nearly $50 million in new credit losses in its March 2010 financial reports, following $335 million in new OTTIs recorded in December 2009.
Central FCU, also under NCUA control, recorded $57.7 million in new OTTIs for first quarter 2010, after applying a whopping $772 million in OTTIs during fourth-quarter 2009.
The San Dimas, Calif.-based corporate will announce $25.4 million in new OTTIs on April 23 related to Ambac's restructuring, he said.
Central and WesCorp, OTTIs could range from $25 million to $68 million.
"However, we recognise that being offered the chance to be head coach of your country was an offer that would be hard for Ottis to resist."
Though OTTIS is being positioned as a super-premium ice cream, it does not act like regular "fattening" ice cream, according to QFD, as it "does not stimulate adipose tissue fat-storage." "We are excited to begin talking to people about licensing OTTIS," said Dr.
A key component of OTTIS is its sweetener, Beyond*Sugar, another product of QFD, which was developed under a new patent pending process known as Beyonding.