Precedence and Default Behavior
SET STATEMENT CACHE takes precedence over the STMT_CACHE environment variable and the STMT_CACHE configuration parameter. You must enable the SQL statement cache, however, either by setting the STMT_CACHE configuration parameter or by using the onmode utility, before the SET STATEMENT CACHE statement can execute successfully.
When you issue a SET STATEMENT CACHE ON statement, the SQL statement cache remains in effect until you issue a SET STATEMENT CACHE OFF statement or until the program ends. If you do not use SET STATEMENT CACHE, the default behavior depends on the setting of the STMT_CACHE environment variable or the STMT_CACHE configuration parameter.