Is there a Toad for DB2 limitation with CREATE OR REPLACE VIEW and the parser? Toad gives a parser error message "Incorrect syntax near 'OR' ".
"Create or Replace View" is a new feature of DB2 v9.7. Parser does not recognize the "create or replace" as valid syntax.
This issue should not cause any disruption in the sql statement running.
Waiting for fix in a future version of Toad for DB2.