TRANSLATE('abcd','<.A.B.C>','abc') -> '<.A.B.C>d'
TRANSLATE('abcd','<><.A.B.C>','abc') -> '<.A.B.C>d'
TRANSLATE('abcd','<><.A.B.C>','ab<>c') -> '<.A.B.C>d'
TRANSLATE('a<>bcd','<><.A.B.C>','ab<>c') -> '<.A.B.C>d'
TRANSLATE('a<>xcd','<><.A.B.C>','ab<>c') -> '<.A>x<.C>d'
Applying the character extraction from a string, character
comparison, and character concatenation rules.