by the way, the answer without the 'but/or actually',
is no, you are misinformed.
as an answer to your topic title,
even with dynamic, you have imbedded SQL
in order to ship the 'dynamic stuff' to db2.
if would be a shame to code in all the CALLs to DSNHA/H/S/L/RLI
just to avoid a pre-comp and a bind
because of nothing else,
your dba's could track the 'dynamic sql programs' via the sysibm tables
and not thru the program source code.
but, i have a hunch your question is not that technical.