Britannia Club informs operators about an update of Paperless Trading Electronic Trading Systems to E-TITLE and the cancellation of R3 ownership.
Britannia had previously notified Members of the change in ownership of the E-TITLE electronic trading system and its underlying legal framework to software technology firm R3. Operators are notified of the following:
- The change in trading name of the E-TITLE electronic trading system to Corda eBL; and
- 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, eTitle and therefore going forward anything named Corda eBL is no longer an approved system.
E-TITLE retains its approved status within the International Group.
