Kim, that sound correct, this was a big issue with people wanting to transfer/combine monies from pre 01/31 bookings with ressies booked on 01/31 by someone who was not the ressie holder, i.e. a TA is the ressie holder, and the client is not the ressie holder in DCL eyes.
Pj
The reason I know this is because my cat 3 reservation in December could only be transferred to a new reservation and because it was non refundable, I had to transfer the funds. That is why I decided to go with the TA because I could not do the ressie online.