I don't know DBD::ODBC directly but one thought that occured to me was "Do you need to pass a statement handle to Sql instead of a scalar containing some sql to execute?"

Alternately this could be done with 2 statement handles along these lines:

#the stuff at the top up to $sth->execute;
my $insh=$dbh->prepare("INSERT INTO TestClearTransferData(AccountNo, T
+ransferFlag, TransferType, RejectType, AdpNumber, Shares, ProcessingD
+ate) VALUES ( ?, ?, ?, ?, ?, ?, ? )");

eval {
  while((@data) = $sth->fetchrow_array) {
    $insh->execute(@data);
  }
};
if($@)
{
  print STDERR "The insert died: $@";
}
...
[download]

Since RaiseError is set the eval will die if theres a problem. Also the placeholders will speed up the inserts. And if you could set AutoCommit to 0 on the database getting the inserts you could do all of them in a transaction so that all are successful or none are successful, thus not leaving a messy table half way through the inserts if there is a problem.

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