Electronic (Paperless) Trading－Update to E-TITLE－Cancellation of R3 ownership E-TITLE retains ownership Members are referred to our Circular No.21-008 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:   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. In accordance with this change, the trading name will also revert back from Corda eBL to E-TITLE electronic trading system.   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 No.15-010 dated 27 October 2015.   All clubs in the International Group have issued a similar circular.