Security strap

A binding device for securing cargo on a rack comprising:

• a strap having a cable running between first and second end portions, a cable covering layer that includes a chamber in which the cable is housed and a pair of flanks disposed on each side of the chamber, and an outer layer covering the cable covering layer and the cable and being attached to the flanks of the cable covering layer,
• a housing having a plurality of openings through which the first and second end portions extend,
• a spring biased cam in the housing, having a frictional surface configured to engage a portion of the strap located in the housing, the cam being biased against the strap in an orientation that allows movement of the second end portion of the strap in a tightening direction but not in a loosening direction when the cam is biased against the strap,
• a control button being biased in a first position and pressable through a path to a second position, wherein pressing of the control button to the second position causes the cam to disengage the strap, allowing the second end portion to be moved in the loosening direction, and
• a lock connected to the housing, the lock being operable between locked and unlocked positions, wherein the second end portion of the strap is not movable in the loosening direction when the lock is in the locked position.