Talk:Banking in Russia (regulations)

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An entry from Banking in Russia (regulations) appeared on Wikipedia's Main Page in the Did you know? column on February 26, 2007.

[edit] Rough Translation template

Every sentence should be rewritten to sound as if an American (or Englishman etc.) had written it - for instance, the first sentence "Banking in Russia has significant specifics" means something like "There are significant specific details affecting banking in Russia".

Done --Parker007 17:43, 25 February 2007 (UTC)

In most cases I (or any American etc.) could make those edits. However, there are several passages where I don't understand what it means. Here are the hardest to understand passages:

"Those legislation statements regulated credit organization activity on the territory of Russian Federation have its own specificity differed from foreign one." Foreign what? Foreign legislation statements, foreign credit organizations, or credit organizations not on Russian Federation territory? The sentence appears to have "Those legislation statements" as a subject, "regulated" as a verb, "credit ...Federation" as an object, and the rest of the sentence is an extra predicate - I don't know how it fits into the sentence.

I removed it Done --Parker007 17:43, 25 February 2007 (UTC)

"Mandatory client classification and counterparties of banks is performed in correspondence with special approved in Russia directories..." "Classification" can be "performed", but "counterparties" are people or organizations, so how can "classification and counterparties" be "performed"? Only tasks can be performed, not people or organizations. "Special" is an adjective, so I can't guess if it is intended as a noun (the object of the preposition "with") or an adverb (modifying "approved", in which case the preposition has no object.) Whatever "special approved" means, I can't guess what "correspondence with special approved" is at all.

Done --Parker007 17:51, 25 February 2007 (UTC)

"20 digits every of those have its special semantic value." Words have semantic value, not digits. Maybe it should say "20 digits, each of which has a predefined meaning."

Done --Parker007 17:57, 25 February 2007 (UTC)

"conust" is not a word. Words like "adjust" or "proceed" (individually or together?) might fit the context, but I wouldn't want to guess.

Done --Parker007 17:57, 25 February 2007 (UTC)

"Particularly, tax payments are specially exposed." Taken literally, it says tax payments are left in the open for all to see - perhaps naked. Admittedly, I can probably guess what this means - that the tax payments are specially audited or reported.

Done --Parker007 17:57, 25 February 2007 (UTC)

The other half of the article has similar problems. But I've already made my point, and any native-born American would agree: This article should be rewritten by someone who understands both banking in Russia, and the English language. The English in this article is much better than my Russian (see Talk:Sukharev Tower), but it isn't always good enough to be understood. Art LaPella 07:25, 25 February 2007 (UTC)

Tell me where exactly? Done --Parker007 17:59, 25 February 2007 (UTC)

[edit] Continued

Thank you. As I explained, I will want to rewrite the article in general when I have a better idea what it means, after which you should make sure I haven't misrepresented its meaning. Continuing:

"The margin settled as a result of clearing..." Does this mean the margin between the official exchange rate and the market exchange rate, reported as a profit to the Bank? Done --Parker007 02:43, 26 February 2007 (UTC)

What is a "deal passport"? Does it mean "deal" in the sense of "contract"? In my experience, passports are for traveling people, not for contracts - but maybe contracts in Russia need their own passports.

• I think its a term they use in Russia for non-citizens i.e. tourists/business people wanting to use the banking services. --Parker007 02:43, 26 February 2007 (UTC)

Deal passport or Contract passport is a brief info, a summary or header information of the contract Kmorozov 09:09, 26 February 2007 (UTC)

"Regulating of reserves volume on deposits must make every month..." Bank deposits are made when the account holder chooses to deposit, not necessarily every month. Does this mean that every month, someone verifies that the reserves are high enough to comply with regulations?

• Bank Reserves are a totally different subject. A bank must give part of the money to the national bank for safety, in case the bank goes broke. --Parker007 02:43, 26 February 2007 (UTC)

"...and apply strict sanctions to infringes just to license recall." "infringes" probably means "infringements", but the most puzzling word is "just". Does it mean that the Bank of Russia is authorized to recall the licenses of banks that infringe the regulations, but is not authorized to do anything more?

Done --Parker007 02:45, 26 February 2007 (UTC)

"...own construction works..." Is "own" used in the adjective sense of "belonging to yourself", so that "own construction works" means "the taxpayer's own construction projects"? Or is "own" used as a verb, so that the phrase means "when the taxpayer buys construction projects"? Does "transferring ... for own needs too" mean that business assets have been transferred to personal use? Is "when fulfil responsibilities of tax agent" mean that the tax agent must pay the VAT for his own work, or does it mean that the taxpayer is fulfilling some unspecified responsibility to a tax agent? I would think that reporting liability for a VAT tax, would in itself fulfil responsibility to a tax agent. Done --Parker007 02:52, 26 February 2007 (UTC) Art LaPella 20:12, 25 February 2007 (UTC)