Formats a disk or magnetic tape volume, writes a label on the
    volume, and leaves the disk empty except for the system files
    containing the structure information. All former contents of the
    disk are lost.

    Requires VOLPRO (volume protection) privilege for most INITIALIZE
    command operations.

    To create or initialize a queue, use the /QUEUE qualifier.

    Format

      INITIALIZE  device-name[:] volume-label