[taler-docs] branch master updated: English fixes

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     new 7ca791e  English fixes
7ca791e is described below

commit 7ca791e05f3e87d63b8b4a7571832ead971e32ca
Author: Christian Grothoff <christian@grothoff.org>
AuthorDate: Tue Jan 19 21:29:09 2021 +0100

    English fixes
---
 design-documents/012-fee-schedule-metrics.rst | 16 ++++++++--------
 1 file changed, 8 insertions(+), 8 deletions(-)

diff --git a/design-documents/012-fee-schedule-metrics.rst 
b/design-documents/012-fee-schedule-metrics.rst
index 7e43fe6..8d079fe 100644
--- a/design-documents/012-fee-schedule-metrics.rst
+++ b/design-documents/012-fee-schedule-metrics.rst
@@ -13,11 +13,11 @@ This chapter discusses considerations for fees from 
different points of view (Ex
 Motivation
 ==========
   
-Fees are necessary for covering costs that Exchange operators bear for 
offering their services established in-house or outsourced in a data center: 
Variable costs (e.g. electricity and wire fees for every wired transfer to bank 
accounts) and fixed-cost expenditures for hardware, company assets, marketing 
and staff, and so forth. They will allocate these costs to users. The Taler 
protocol therefore offers different types of fees for each type of transaction 
that may appear in the transact [...]
+Fees are necessary for covering costs that Exchange operators bear for 
offering their services established in-house or outsourced in a data center: 
Variable costs (e.g. electricity and wire fees for every wired transfer to bank 
accounts) and fixed-cost expenditures for hardware, company assets, marketing 
and staff, and so forth. They will allocate these costs to users. The Taler 
protocol therefore offers different types of fees for each type of transaction 
that may appear in the transact [...]
 
-Any coin that has been generated or that is used (deposited) or refreshed can 
be charged with an applicable fee type. In addition to this, every wired amount 
of money can be charged with a wire fee. The six fee types are named as 
**Withdrawal**, **Deposit**, **Refresh**, **Refund**, **Wire fee** and 
**Closing**. The fee type 'Closing' is used for allocating costs that arise 
from an uncompleted withdrawal transaction when an amount of fiat money has to 
be wired back from the Exchange's es [...]
+Any coin that has been generated or that is used (deposited) or refreshed can 
be charged with an applicable fee depending on the type of operation that was 
performed. In addition to this, wire transactions can be charged with a wire 
fee. The six fee types are named as **Withdrawal**, **Deposit**, **Refresh**, 
**Refund**, **Wire** and **Closing** fee.
 
-Fee types and their underlying metrics are intended not only to cover real 
costs in the long run, but also to reward users for their economic behaviour, 
to prevent misuse, and to allow Exchange operators to gain certain income and 
most probably profits. Exchange operators are thus determine the combination of 
fee types and the amount of each fee for every denomination of coins. Any 
chosen denomination (constant nominal value of coins preset by the operator by 
means of the Denomination ke [...]
+Fee types and their underlying metrics are intended not only to cover real 
costs in the long run, but also to reward users for their economic behaviour, 
to prevent misuse, and to allow Exchange operators to gain certain income and 
most probably profits. Exchange operators are thus determine the combination of 
fee types and the amount of each fee for every denomination of coins. Any 
chosen denomination (constant nominal value of coins preset by the operator for 
the respective denomination [...]
 
 The Taler protocol offers the following fee types:
 
@@ -28,18 +28,18 @@ The Taler protocol offers the following fee types:
     b. Refresh of coins at the end of their validity
     c. Abort of transactions due to network failure
     d. Refund
-4. **Refund**: For refunds or in case of contract cancellation by seller, per 
coin
+4. **Refund**: For refunds or in case of contract cancellation by seller, 
**per coin**
 5. **Wire fee**: For aggregated amounts wired by the Exchange to the 
merchant's checking account, **per wire transfer**
-6. **Closing**: In case a withdrawal process could not be accomplished (the 
user's wallet did not withdraw the value from the reserve), **per wire 
transfer** from the Exchange's escrow account to the account of origin
+6. **Closing**: In case a withdrawal process did not complete (the user's 
wallet did not withdraw the value from the reserve) or could not complete 
because the user specified an invalid wire transfer subject, this fee is 
charged **per wire transfer** from the Exchange's escrow account to the account 
of origin
 
 Proposed Solution
 =================
 
-Whereas the Taler protocol determines types of fees, Exchange operators 
determine the upper and lower limits of fees using parameters. Once they have 
set the fee amount per denomination, the algorithm of the Taler payment system 
will allocate costs automatically to every generated coin respective to a wired 
amount.
+Whereas the Taler protocol determines types of fees, Exchange operators 
configure the specific fee amounts. Once they have set the fee amount per 
denomination, the algorithm of the Taler payment system will charge fees 
automatically.
 
-The fee structure and its underlying metrics are also bound to rules and 
expectations of financial regulatory authorities like the German Federal 
Financial Supervisory Authority (Bundesanstalt für 
Finanzdienstleistungsaufsicht BaFin). Changes to the fee structure are 
therefore eligible only when they are in accordance with national or 
international laws and directives.
+The fee structure and its underlying metrics may be restricted by rules and 
expectations of financial regulatory authorities like the German Federal 
Financial Supervisory Authority (Bundesanstalt für 
Finanzdienstleistungsaufsicht BaFin). The protocol does not allow retroactive 
changes for denomination keys that have already been announced. This protects 
customers against fee hikes for coins they already withdrew. 
 
-Fees chosen by Exchange operators have to be explained to the users by means 
of comprehensive Terms and conditions of services that describe the fee types 
and amounts of fees and how they are calculated. Costs for wired amounts within 
the banking system (IBAN transfers to the Exchange's escrow account for the 
withdrawal transaction; IBAN: International Banking Account Number) have to be 
covered by users, so additionally Terms and conditions of their banks may be 
effective, too. These Ter [...]
+Fees chosen by Exchange operators have to be explained to the users by means 
of comprehensive Terms and Conditions of services that describe the fee types 
and amounts of fees and how they are calculated. Costs for wired amounts within 
the banking system (IBAN transfers to the Exchange's escrow account for the 
withdrawal transaction; IBAN: International Banking Account Number) have to be 
covered by users, so additional Terms and Conditions of their banks may apply, 
too. These Terms of ban [...]
 
 Obligations of Exchange operators
 ---------------------------------

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