Datawarehouse configuration ailing with error CRJAZ1582E

Getting an error (CRJAZ1582E) during the CREATE Tables step of configuring Datawarehouse database in JTS setup.

The error is given below:

An error occurred while saving the configuration properties.ID CRJAZ1582E

Following parameters are used:

Database vendor: DB2
Connection type: JDBC
JDBC Password: <actual>
JDBC Location: //txseries.in.ibm.com:50000/DW:user=db2inst1;password={password};
custom report db user: rptuser
=====================

Database was created using below command

db2 create database DW on "/IBM/DB2/" using codeset UTF-8 territory en PAGESIZE 16384

And no other steps were done towards DW setup.

Any help would be appreciated..


Thanks
Prasanna