T
Tenor
Term or Period of credit granted by the drawer. See Usance Bill.
Tracer
See Chaser.
Trade and Credit Information (TCI)
A bank department that prepares and distributes status reports on its own customers, and maintains records of traders and manufacturers with whom its customers deal.
Transferable Credit
Permits the beneficiary to transfer all or some of the rights and obligations under the credit to a second beneficiary or beneficiaries - see Special DCs.
Transferee
A party (2nd beneficiary) to whom a transferable credit is transferred in whole or in part.
Transferor
A party (1st beneficiary) at whose request a transferable credit is transferred to a second beneficiary in whole or in part.
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