If 'procedure deferred compilation' is enabled as following,
1> sp_configure 'procedure deferred compilation',1
FETCH CURSOR will report syntax error like
Msg 102, Level 15, State 181:
Server '<servername>', Line 7:
Incorrect syntax near '='.
The issue doesn't exist on ASE16.0 SP02 patch levels or earlier.
SAP Adaptive Server Enterprise (ASE) 16.0 SP03 PL04
procedure deferred compilation, Msg 102, FETCH CURSOR, CR#817681, CR 817681 , KBA , BC-SYB-ASE , Sybase ASE Database Platform (non Business Suite) , Bug Filed
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