The syntax <#T##_A_##_B_#>
is used to specify a default piece of code for the placeholder. The placeholder will be displayed as _A_
, but when the user presses the enter key the placeholder will be replaced with _B_
.
Placeholder:

After pressing enter:

It'd a useful feature when presenting something to an audience, because as opposed to snippets, I would't need to remember the name of each snippet, I'd just select a placeholder and press enter to get the right piece of code.
EDIT:
Answering your question, indeed it seems that the T refers to type. If you try to replace the placeholder with an expression, like <#T##Example1##let i = 3#>
, the placeholder it's not replaced with let i = 3
as you would expect. It is instead replaced with <<error type>>
.
Furthermore, this placeholder <#T##transform: (Error) throws -> U?##(Error) throws -> U?#>
is replaced with:
{ (<#Error#>) -> U? in
<#code#>
}
My guess is that when you prepend the T
you are telling Xcode that you will provide a type, then Xcode finds an appropriate default value for that type.