Emergency Contact IG Circular : Paperless Trading Electronic Trading Systems Update to E-TITLE - Change of Ownership and Approval of Corda eBL as Replacement of E-TITLE Home Latest updates News IG Circular : Paperless Trading Electronic Trading Systems Update to E-TITLE - Change of Ownership and Approval of Corda eBL as Replacement of E-TITLE 24 Sept 2021 Download Sign up for alerts Members are referred to the Club’s previous Circular from 11 June 2011 which can be viewed here for easy reference. NOTIFICATION OF CHANGE IN OWNERSHIP OF E-TITLE The International Group had previously approved E-TITLE. This circular notifies Members to the following: a change in ownership of the E-TITLE electronic trading system and its underlying legal framework to software technology firm, R3; a change in trading name of the e-TITLE electronic trading system to Corda eBL ; and members are invited to take note of how the Corda eBL software will operate. CORDA EBL Corda eBL is a software development kit (SDK), that provides a mechanism to facilitate the title transfer and negotiable functionalities of a bill of lading. It has been created to complement some of the existing web-porta services operated by shipping lines, financial services providers, logistic operators and traders. The Corda eBL SDK is subject to a legal framework, supporting the peer-to-peer R3 is a software technology firm representing a large consortium of international banks and trading houses. R3 is a software technology firm representing a large consortium of international banks and trading houses. CORDA EBL USER AGREEMENT VERSION 1.2 - APPROVED The legal documentation associated with the use and operation of the Corda eBL solution is the “Corda eBL User Agreement (version 1.2)”. This document has been reviewed and approved by The International Group. The Corda eBL solution (formerly known as E-TITLE electronic trading system) will replace E-Title as an approved electronic - i.e. paperless - trading system. The Cord