We found out that there are two +12V sources at the transformer with a large ground plane in between. The PS232F offers over current protection for +3.3V, +5V and +12V (up to four outputs). This is the second sign that this PSU has multiple +12V outputs. The pins for the over current measurements are connected to +12V without exception. Seasonic does not officially favor a single output, but many ODM customers such as Corsair do, which might be the reason for the "single rail" rating on their label. Nevertheless it is basically a multiple 12V rail design