banking & finance
Covec has worked across several aspects of the banking and finance sectors. We have a very sound knowledge of economic issues in electronic payment systems, bank capital requirements, and the pricing of credit.
We also model market risks facing specific firms, either for the firms themselves (including through partnerships with treasury advisors) or for bankers involved in major financing decisions.
Credit contracts and Consumer Finance Act
Advice on the application of the Credit Contracts and Consumer Finance Act to certain bank fees and charges.
Forecasts of fuel consumption in New Zealand
Covec produced forecasts of fuel consumption in New Zealand as part of the Shell New Zealand sale process. Annual forecasts to 2030 were generated for the retail, commercial, aviation and marine sectors, and for various sub-markets within each of these sectors.
Interchange fee setting and other credit card network rules
Economic advice on competition issues arising from the setting of interchange fees in open (four-party) credit card networks.
Passenger forecasts for Cairns & Mackay Airport
Covec was commissioned by a consortium of investment banks to generate annual passenger forecasts to 2030 to support the purchase of Cairns & Mackay Airports in Northern Queensland. The forecasts were the main drivers of the valuation models used by the banks. We have updated the forecasts several times since then to support various processes, including the partial sale of Cairns Airport to Auckland Airport in 2010 and a substantial debt refinancing process in 2011.