Security Token definition

Security Token means any token, security device or such other storage device issued and designated by any UOB Group Bank for use by the Customer or a Customer User for the account of the Customer (including or incorporating any replacements, upgrades, or enhancements thereto) to generate OTPs or response codes for the purpose of enabling such UOB Group Bank to verify and authenticate the identity of such Customer User for his access and use of Business Internet Banking and the Services.

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Security Token means the digital device provided by the Bank to the Customer at the Customer's request for the purpose of generating and displaying a Security Code.

Security Token means a physical security token or a soft security token.

Examples of Security Token in a sentence

• The Customer shall procure that the Customer User shall not after the termination of any Service or Account use the Security Token in relation to the Service or Account that has been terminated.

• In most cases, an investor will have no legal or beneficial interest in the asset represented by the Security Token; rather, the investor will have a contractual relationship with the issuer only and its rights and remedies with respect to the investment will be limited to contractual remedies against the issuer in accordance with the terms of the relevant Security Token.

• The provisions of this Clause 5.5 shall continue to apply to any Security Token issued or provided to any Customer User notwithstanding the revocation and termination of the Customer User’s authorisation to use of the Security Token.

• All electronic transmissions must be verified by a Company Authorized Representative by entering the current code from their registered Security Token code in order to initiate or approve an ACH file(s), which validates that they are an Authorized User and that the information transmitted is authorized and appropriate.

• The provisions of this Clause 4.5 shall continue to apply to any Security Token issued, provided or designated to any Delegate User notwithstanding the revocation and termination of the Delegate User’s authorisation to use of the Security Token.

More Definitions of Security Token

Security Token means a small electronic device or a mobile application issued by us or our related entity which generates a Security Token Code, and includes any temporary security token.

Security Token means any security token or other device, equipment or method which is used to generate a Dynamic Password.

Security Token means a physical device provided by the Bank, which generates a new random and unpredictable Token Code used to conduct third party transfer and payments. The Token is an optional device to generate One Time Passcode.

Security Token means a unique Smart Contract designated with a unique Smart Contract Address that has been created to represent the holdings of securities issued by the Issuer, which may include equity, debt securities, or other investment instruments.

Security Token means a physical device provided by the Bank, which generates a new random and unpredictable Token Code for every login, which is to be used in conjunction with a Token PIN;

Security Token means a hardware or software-based multi-factor authentication security device used to authenticate to the Service;

Security Token means the security tokens issued or proposed to be issued on the ST Blockchain for purchase, listing and trading on the Trading System, and in relation to an Issuer, means the security tokens issued or proposed to be issued by such Issuer on the ST Blockchain for purchase, listing and trading on the Trading System. This includes digital tokens generated to represent assets, which may include equity, real estate, debt or future cash flow, or other value.