Why is a nudge displayed mentioning that lenders have signed an Inter Creditor Agreement (ICA)?
An Inter Creditor Agreement (ICA) is a legal agreement between two or more creditors who have lent money to the same borrower. The agreement states the rights and responsibilities of each creditor with respect to their loans and establishes a framework for cooperation and coordination among them (PDF).
Exchanges (PDF) mandate brokers to display a notification stating that the company's lenders have signed an ICA every time an order is placed for the company's stock.
After clicking on Buy for such stocks, another nudge will appear. Click on Proceed to purchase the stock. This requirement aims to ensure that investors make informed decisions before buying a specific stock.
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