Disablement of trading member: immediate freeze of accounts and expedited forensic audit to protect non-defaulting clients. On triggering early warning signals or specified criteria indicating likely default by a Trading Member/Clearing Member, the initiating Stock Exchange shall seek explanations, conduct a limited-purpose joint inspection, and may direct disablement of the trading terminal. Exchanges shall notify clearing corporations, depositories and banks; depositories shall freeze demat accounts and suspend POAs; banks shall freeze member bank accounts on exchange instruction. CMs/CCs shall square off or liquidate open positions, encash collateral and invoke guarantees, while a forensic audit and asset-liability assessment are conducted to enable interim settlement of client claims and subsequent default proceedings under bye-laws.