P&I Circulars

P&I Circulars

Göteborg: 1 June 2022
2679/2022

Paperless Trading Electronic Trading Systems Update to E-TITLE – cancellation of R3 ownership

E-TITLE retains ownership

Members are referred to Circular dated 24 September 2021.

The Club had previously notified Members of the change in ownership of E-TITLE electronic trading system and its underlying legal framework to R3. Members were also notified of the following:

  1. the change in trading name of the E-TITLE electronic trading system to Corda eBL; and
  2. how the Corda eBL software was to operate.

The agreement between R3 and E-TITLE has dissolved, and ownership of the legal framework has reverted back to E-Title Authority Pte Ltd. In accordance with this change, the trading name will also revert back from Corda eBL to e-Title™.

For the avoidance of doubt, the product which had been renamed Corda eBL has reverted to its original name, e-Title™ and therefore going forward anything named Corda eBL is no longer an approved system.

E-TITLE approved entity status retained

E-TITLE retains its approved status within the International Group. For further information on the system offered by E-TITLE, Members are referred to Circular dated 22 October 2015.


 

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All clubs in the International Group have issued a similarly worded circular.

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The Swedish Club
Gullbergs Strandgata 6
SE-411 04 Gothenburg
Sweden

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The Swedish Club
Gullbergs Strandgata 6
P.O Box 171
SE-401 22 Gothenburg
Sweden

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