Required Security Administrator and Contact. U Before you can use the OCD service, you must designate one person who will act as both your primary OCD security administrator and your OCD contact. You will be required to confirm your selection of this person. Details on how you will provide this confirmation will be provided to you during implementation of the OCD service. The primary OCD Security Administrator you select will have the authority, in his or her discretion, to then set up users and one or more additional OCD security administrators directly through the OCD service. These additional security administrators will in turn then have the ability to establish additional OCD security administrators and users. Details on how you establish and terminate security administrator and user rights are addressed in the OCD reference material for security administrators. Given the ability of a security administrator to create additional security administrators, the term “OCD security administrator” therefore includes not only the primary OCD security administrator but any other user who is granted administration entitlements by that OCD security administrator or any other OCD security administrator(s). Security administrator and user access to the OCD Service carries with it the ability to access any accounts and services included in the functionality that is available in the OCD service. Given the flexibility that is designed into the OCD System to enable this cascading of administrative and user rights for the benefit of customers who require it, as a matter of your internal control policies, you must consider carefully the person you will name as your primary OCD security administrator and you must develop procedures to routinely monitor the actions of all your security administrator(s) and those to whom the primary security administrator has given OCD access either as a user or security administrator. We will provide information on such activity to any authorized signer who makes a request for it but the bank undertakes no duty to monitor the actions of any security administrator(s) or designated user(s). Each of your OCD security administrators, has all of the rights and responsibilities given to them in the general terms and conditions in addition to the rights and responsibilities contained in these OCD terms and conditions and related reference materials.
