Single Control definition

Single Control means the authorizer can create and approve the same transaction.
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Examples of Single Control in a sentence

  • The booking of foreign exchange (FX) transactions on OCBC Velocity is by Single Control.

  • In the case of single access or control ("Single Control") only one person is required to complete a transaction.

  • For all transactions initiated through OCBC Velocity, the system defaults to have Dual Control in place as account fraud and identity theft are frequently the result of Single Control.

  • The price to the LICENSSEE of the individual Products at commencement shall be: Network Controller $900.00 System Interface Module $610.00 Single Control Module $1,100.00 PT100 Sensor $50.00 Pressure Transducer $231.00 All prices quoted are in United States Dollars and do not include shipping, transport insurance or any taxes or import duties.

  • The Customer must not initiate any FX transactions on OCBC Velocity if Single Control is not compatible with the Customer's risk management requirements.