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Part 2: The 32-Bit/64-Bit Drivers : The Sybase Wire Protocol Driver : Advanced Features : DataDirect Bulk Load : Bulk Copy Operations and Transactions
  
Bulk Copy Operations and Transactions
Sybase does not support a bulk insert within a transaction, and returns an error if a bulk copy operation is attempted in the scope of an existing transaction.
The Sybase server treats each batch of the bulk copy operation as a single transaction. If any rows in the batch are rejected, the entire transaction is rolled back.