If both applicaitons lock the tables in the same sequence, then there may be a slight lock-wait, but not a deadlock (deadly embrace). A deadlock occurs when 2 applications (or more) already hold some locks, and try to acquire other locks that another application is holding, so it can never be resolved by simply waiting and therefor DB2 will pick a victum and cancel it to allow the other to proceed.
You can set up (or look at existing) deadlock event monitor to determine which SQL statements are deadlocking (if you have a detailed deadlock monitor set up). I don't recall if V8 has detailed deadlock event monitors, but I think so. You will need to run a program to format the deadlock event files into a report (see the Command Reference manual for details).