No. A PO (Participating Organisation) must ensure that it opens an account designated as a ‘DA’ for each DT client. Each DA is subjected to an account qualifier beginning with the word “DISC”, followed by the Dealer’s Representative (“DR”) code in brackets and the full name of the client.

For the DA qualifier naming convention, the PO may refer to Category C8 in the Appendix 16 of the CDS Procedures Manual for Authorised Depository Agent (“ADA”).

(Refer to: CDS Procedures Manual for ADA)