2425312 - Error in EU_CLONE_CRE_SHDDBFCTS phase during S/4HANA migration using DMO option

During migration to S/4HANA 1610 or higher using DMO option the tool stops in MAIN_SHDINST/SUBMOD_SHDALIASCRE/SUBMOD_SHDVIEWCRE/EU_CLONE_CRE_SHDDBFCTS phase with following error,

Directory: DIR_PUT/log

Name: SAPupConsole.log

============================================

<< 2017/01/30 22:49:26 END OF PHASE MAIN_SHDINST/SUBMOD_SHDALIASCRE/SUBMOD_SHDVIEWCRE/EU_CLONE_CRE_SHDDBFCTS
=========== Repeat Phase ===========

Checks after phase
MAIN_SHDINST/SUBMOD_SHDALIASCRE/SUBMOD_SHDVIEWCRE/EU_CLONE_CRE_SHDDBFCTS were
negative!

Last error code set: Found 2 aborted processes/errors in log files.
Found 1 failed import processes

*ERROR* :
Detected the following errors:

# D:\SUM\SUM\abap\shddbfcts\SHDDBFCTS_00001_IMP.LOG:
...
A1 EIMP 014 Starting create for object "CONCAT_WITH_SPACE" of type "DB
function" #20170130224923
A1EEIMP 007 Task failed with error: (MSS) DDL statement failed
A1EEIMP 007 (
A1EEIMP 007 CREATE FUNCTION CONCAT_WITH_SPACE(
A1EEIMP 007 @PAR1 NVARCHAR(MAX),
A1EEIMP 007 @PAR2 NVARCHAR(MAX),
A1EEIMP 007 @PAR3 INT
A1EEIMP 007 )
A1EEIMP 007 RETURNS NVARCHAR(MAX)
A1EEIMP 007 AS

...skipped 987 more lines.
Please see R3LDCALLRUN.html for more information.

...
==================================================

Similar error in the log file mentioned in error message. In this case SHDDBFCTS_00001_IMP.LOG:

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A1EEIMP 007 DbSlExecute: rc = 99

A1EEIMP 007 (MSS) DbSlErrorMsg rc = 0 'everything went well'
A1EEIMP 007 (MSS) 'CONCAT' is not a recognized built-in function name.
A1EEIMP 007 (IMP) Statement 1 of 1 failed for the object CONCAT_WITH_SPACE
A1 EIMP 014 Starting create for object "CURRENCY_CONVERSION" of type "DB function" #20170130224923
INTERNAL ERROR: Cannot log dbsl message: (DBS) dbsl_error...: vsprintf failed: The operation completed successfully. 
A1EEIMP 007 Task failed with error: (DBS) dbsl_error...: vsprintf failed: The operation completed successfully. A1EEIMP 007 
A1EEIMP 007 (IMP) Statement 1 of 2 failed for the object CURRENCY_CONVERSION
A1 EIMP 014 Starting create for object "D_TO_I" of type "DB function" #20170130224923
A1EEIMP 007 Task failed with error: (MSS) DDL statement failed

===============================================

MS SQL Server (source DB)

HANA database (target DB)

Task failed with error: (MSS) DDL statement failed, DMO, S/4 HANA, 1610, migration, 1709 , KBA , BC-UPG-TLS-TLA , Upgrade tools for ABAP , BC-DB-MSS-UPG , SQL Server Upgrades in SAP NetWeaver Products , Problem