Paul M. Roder

Partner

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T(212) 554-7752

F(917) 206-4352

Paul M. Roder is Co-Chair of Moses & Singer’s Banking & Finance practice group and a member of the Firm’s Management Committee. 

For over two decades, Paul has represented money center banks and other financial institutions in sophisticated financing arrangements.  His clients often seek his advice in connection with their most challenging credit opportunities, where he provides innovative and tailored solutions in a cost-effective manner. 

Paul has extensive experience in syndicated and bilateral lending, secured lending, and letter of credit transactions.  He actively represents lenders in fund finance, trade finance, and private banking/high-net-worth finance, as well as other financings.  He advises his clients in all aspects of their transactions, including structuring, documenting, and negotiating. 

Paul’s clients include foreign and domestic lenders who often serve as lead agents and arrangers in syndicated credit facilities and as letter of credit issuers or swingline lenders.  He regularly represents lenders in cross-border financings and extensions of credit to a wide range of borrowers, including public and private companies as well as investment funds and other financial institutions.  He has worked with numerous types of collateral, including equity interests, accounts receivable, cash and marketable securities, promises to contribute capital, and a host of other tangible and intangible assets.

In the fund finance market, Paul counsels clients on a variety of credit facilities, including subscription, hybrid, NAV, and general partner and management company facilities, as well as equity commitment arrangements and other uses of capital commitments to support extensions of credit.  He has handled hundreds of traditional subscription credit facilities, as well as negotiating and documenting facilities for complex multi-fund, multi-layered, and open-ended fund structures across multiple jurisdictions.  He has advised clients on various credit support structures, including utilizing capital commitments to support portfolio company and joint venture financings.  He also has counseled clients on the use of unusual credit solutions, such as dedicated tranche financing.

In addition, Paul represents money center banks in all facets of letter of credit transactions and trade finance, including secured and unsecured letter of credit and demand guarantee facilities (on both a syndicated or bilateral, and committed or uncommitted, basis), trade finance loans, accounts receivable purchases, draft discounting, and supply chain finance.  When disputes arise, he works closely with the Firm’s experienced and skilled letter of credit and trade finance litigators.  Multiple banks have engaged him to prepare letter of credit-related forms, such as reimbursements agreements and letter of credit templates, and accounts receivable purchase agreements and supply chain finance documentation.  He also reviews and negotiates credit insurance policies for insureds.

Paul is an active member of the American Bar Association and the New York City Bar Association.  He currently serves as Co-Chair of the ABA’s Letters of Credit Subcommittee of the UCC Committee and was Co-Chair of the New York City Bar Association’s Working Group on New York State LIBOR Replacement Legislation and Working Group on Federal LIBOR Replacement Legislation.  Paul speaks frequently for clients, bar associations, and trade organizations on a range of topics, including lending, letters of credit (including UCC Article 5, UCP 600, ISP98, and URDG 758), trade finance, fund finance, LIBOR replacement, and the Secured Overnight Financing Rate (SOFR).

 

Professional Affiliations
  • New York City Bar Association - Member, Committee on Commercial Law and Uniform State Laws (2010-2019); Co-Chair, Working Group on New York State LIBOR Replacement Legislation (2028-2021); Co-Chair, Working Group on Federal LIBOR Replacement Legislation (2018-2021)
  • American Bar Association - Member, Business Law Section, Uniform Commercial Code Committee (2015-present); Member, Uniform Commercial Code Committee, Letter of Credit Subcommittee (2015-present); Co-Chair, Uniform Commercial Code Committee, Letter of Credit Subcommittee (2021-present)
  • Bankers Association for Finance and Trade (BAFT) – Member (2018-present)
  • MSI Global Alliance – Member (2015-present)
Presentations [View All]
  • “Threshold Issues – Characterization; Jurisdiction; Standing and Statute of Limitations,” Institute of International Banking Law & Practice, October 13, 2021
  • “Close Court Decisions, Issuer Mistakes & Issuer Precautions,” Institute of International Banking Law & Practice, October 13, 2021
  • “Court Orders Affecting Letters of Credit,” Institute of International Banking Law & Practice, October 14, 2021
  • “Loan Syndications and Trading Association (LSTA) 2021 Revised Model Form,” Institute of International Banking Law & Practice, October 14, 2021
  • “International Trade Opportunities in the Americas,” MSI Global Alliance, June 10, 2021
  • “Commercial and Foreign LC Cases and Practice Considerations,” Fund Finance Association, April 28, 2021
  • “ The LIBOR Endgame,” Fund Finance Association, April 27, 2021
  • “Hot Topics and Negotiated Provisions in Subscription Finance,” American Bar Association, Business Law Section, UCC Committee, Secured Lending and Secured Transactions Joint Subcommittee, April 21, 2021
  • “Litigation Involving Commercial Letters of Credit,” Institute of International Banking Law & Practice, September 29, 2020
  • “Syndications Update,” Fund Finance Association, February 13, 2020
  • “Loan Syndications and Trading Association (LSTA) Form,” Institute of International Bank Law & Practice, November 1, 2019
  • “A Subscription Finance Debate,” Fund Finance Association, March 25, 2019
  • “Corporate M&A Prep for Protection of Successor/Transfer of Beneficiary Rights,” Institute of International Bank Law & Practice, March 22, 2019
  • “LC Cases Worthy of Mention,” Institute of International Bank Law & Practice, October 26, 2018
  • “Varying the UCP for Standbys & Independent Guarantees: What Should be Varied or Excluded?,” Institute of International Banking Law & Practice, October 25, 2018
  • “From LIBOR to SOFR: Replacing the World's Most Important Number,” New York City Bar Association, October 17, 2018
  • “How to Save Money in Fund Finance,” Fund Finance Association, March 21, 2018
  • “LC Cases: Key Issues Litigated in 2017,” Institute of International Bank Law & Practice, March 16, 2018
  • “LC Cases Worthy of Mention,” Institute of International Bank Law & Practice, October 27, 2017
  • “Important Lessons in Standby and Guarantee Cases,” Institute of International Bank Law & Practice, October 26, 2017
  • “Top Legal Practice Lessons in Legal Cases,” Institute of International Bank Law & Practice, March 17, 2017
  • “Syndication Considerations in Fund Finance,” Fund Finance Association, March 14, 2017
  • “Recent LC Legal Cases,” Institute of International Bank Law & Practice, October 28, 2016
  • “Questions Raised in LC Cases: You be the Judge,” Institute of International Bank Law & Practice, March 18, 2016
  • “LC Cases & Issues of Significance.” Institute of International Bank Law & Practice, October 16, 2016
  • “Standby and Guarantee Cases: What Your Need to Know,” Institute of International Bank Law & Practice, October 15, 2016
  • “Lessons from Recent LC Cases,” Institute of International Bank Law & Practice, March 13, 2015
Publications [View All]
  • “Report on the Adjustable Interest Rate (LIBOR) Act of 2021,” New York City Bar Association, December 8, 2021
  • “Report on New York State Libor Discontinuance Statute,” New York City Bar Association, March 11, 2021
  • “The LIBOR Endgame,” Fund Finance Association, February 27, 2021
  • “Hot Topics and Negotiated Provisions in Subscription Finance,” American Bar Association, Business Law Section, UCC Committee, Secured Lending and Secured Transactions Joint Subcommittee
  • “Varying the UCP for Standbys & Independent Guarantees:  What should be varied or excluded?.” Institute of International Banking Law & Practice, New York Standby & Guarantee Forum, October 25, 2018
  • “Legislative Memorandum in support of the New York State Omnibus Uniform Commercial Code Modernization Act by the New York City Bar Association,” New York City Bar Association, January 20, 2014
  • “American Asset Protection Trusts: Alaska and Delaware Move "Offshore" Trusts onto the Mainland,” Syracuse Law Review, 49 Syracuse L. Rev. 1253, 1999
Law School Activities/Honors
  • Syracuse Law Review (Article published: Note, American Asset Protection Trusts: Alaska and Delaware Move "Offshore" Trusts onto the Mainland, 49 Syracuse L. Rev. 1253 (1999))
  • Moot Court Honor Society
  • "Big Changes to New York’s Power of Attorney Law Are Coming June 13, 2021" March 8, 2021.

Biography

Paul M. Roder is Co-Chair of Moses & Singer’s Banking & Finance practice group and a member of the Firm’s Management Committee. 

For over two decades, Paul has represented money center banks and other financial institutions in sophisticated financing arrangements.  His clients often seek his advice in connection with their most challenging credit opportunities, where he provides innovative and tailored solutions in a cost-effective manner. 

Paul has extensive experience in syndicated and bilateral lending, secured lending, and letter of credit transactions.  He actively represents lenders in fund finance, trade finance, and private banking/high-net-worth finance, as well as other financings.  He advises his clients in all aspects of their transactions, including structuring, documenting, and negotiating. 

Paul’s clients include foreign and domestic lenders who often serve as lead agents and arrangers in syndicated credit facilities and as letter of credit issuers or swingline lenders.  He regularly represents lenders in cross-border financings and extensions of credit to a wide range of borrowers, including public and private companies as well as investment funds and other financial institutions.  He has worked with numerous types of collateral, including equity interests, accounts receivable, cash and marketable securities, promises to contribute capital, and a host of other tangible and intangible assets.

In the fund finance market, Paul counsels clients on a variety of credit facilities, including subscription, hybrid, NAV, and general partner and management company facilities, as well as equity commitment arrangements and other uses of capital commitments to support extensions of credit.  He has handled hundreds of traditional subscription credit facilities, as well as negotiating and documenting facilities for complex multi-fund, multi-layered, and open-ended fund structures across multiple jurisdictions.  He has advised clients on various credit support structures, including utilizing capital commitments to support portfolio company and joint venture financings.  He also has counseled clients on the use of unusual credit solutions, such as dedicated tranche financing.

In addition, Paul represents money center banks in all facets of letter of credit transactions and trade finance, including secured and unsecured letter of credit and demand guarantee facilities (on both a syndicated or bilateral, and committed or uncommitted, basis), trade finance loans, accounts receivable purchases, draft discounting, and supply chain finance.  When disputes arise, he works closely with the Firm’s experienced and skilled letter of credit and trade finance litigators.  Multiple banks have engaged him to prepare letter of credit-related forms, such as reimbursements agreements and letter of credit templates, and accounts receivable purchase agreements and supply chain finance documentation.  He also reviews and negotiates credit insurance policies for insureds.

Paul is an active member of the American Bar Association and the New York City Bar Association.  He currently serves as Co-Chair of the ABA’s Letters of Credit Subcommittee of the UCC Committee and was Co-Chair of the New York City Bar Association’s Working Group on New York State LIBOR Replacement Legislation and Working Group on Federal LIBOR Replacement Legislation.  Paul speaks frequently for clients, bar associations, and trade organizations on a range of topics, including lending, letters of credit (including UCC Article 5, UCP 600, ISP98, and URDG 758), trade finance, fund finance, LIBOR replacement, and the Secured Overnight Financing Rate (SOFR).

 

Professional Affiliations
  • New York City Bar Association - Member, Committee on Commercial Law and Uniform State Laws (2010-2019); Co-Chair, Working Group on New York State LIBOR Replacement Legislation (2028-2021); Co-Chair, Working Group on Federal LIBOR Replacement Legislation (2018-2021)
  • American Bar Association - Member, Business Law Section, Uniform Commercial Code Committee (2015-present); Member, Uniform Commercial Code Committee, Letter of Credit Subcommittee (2015-present); Co-Chair, Uniform Commercial Code Committee, Letter of Credit Subcommittee (2021-present)
  • Bankers Association for Finance and Trade (BAFT) – Member (2018-present)
  • MSI Global Alliance – Member (2015-present)
Presentations [View All]
  • “Threshold Issues – Characterization; Jurisdiction; Standing and Statute of Limitations,” Institute of International Banking Law & Practice, October 13, 2021
  • “Close Court Decisions, Issuer Mistakes & Issuer Precautions,” Institute of International Banking Law & Practice, October 13, 2021
  • “Court Orders Affecting Letters of Credit,” Institute of International Banking Law & Practice, October 14, 2021
  • “Loan Syndications and Trading Association (LSTA) 2021 Revised Model Form,” Institute of International Banking Law & Practice, October 14, 2021
  • “International Trade Opportunities in the Americas,” MSI Global Alliance, June 10, 2021
  • “Commercial and Foreign LC Cases and Practice Considerations,” Fund Finance Association, April 28, 2021
  • “ The LIBOR Endgame,” Fund Finance Association, April 27, 2021
  • “Hot Topics and Negotiated Provisions in Subscription Finance,” American Bar Association, Business Law Section, UCC Committee, Secured Lending and Secured Transactions Joint Subcommittee, April 21, 2021
  • “Litigation Involving Commercial Letters of Credit,” Institute of International Banking Law & Practice, September 29, 2020
  • “Syndications Update,” Fund Finance Association, February 13, 2020
  • “Loan Syndications and Trading Association (LSTA) Form,” Institute of International Bank Law & Practice, November 1, 2019
  • “A Subscription Finance Debate,” Fund Finance Association, March 25, 2019
  • “Corporate M&A Prep for Protection of Successor/Transfer of Beneficiary Rights,” Institute of International Bank Law & Practice, March 22, 2019
  • “LC Cases Worthy of Mention,” Institute of International Bank Law & Practice, October 26, 2018
  • “Varying the UCP for Standbys & Independent Guarantees: What Should be Varied or Excluded?,” Institute of International Banking Law & Practice, October 25, 2018
  • “From LIBOR to SOFR: Replacing the World's Most Important Number,” New York City Bar Association, October 17, 2018
  • “How to Save Money in Fund Finance,” Fund Finance Association, March 21, 2018
  • “LC Cases: Key Issues Litigated in 2017,” Institute of International Bank Law & Practice, March 16, 2018
  • “LC Cases Worthy of Mention,” Institute of International Bank Law & Practice, October 27, 2017
  • “Important Lessons in Standby and Guarantee Cases,” Institute of International Bank Law & Practice, October 26, 2017
  • “Top Legal Practice Lessons in Legal Cases,” Institute of International Bank Law & Practice, March 17, 2017
  • “Syndication Considerations in Fund Finance,” Fund Finance Association, March 14, 2017
  • “Recent LC Legal Cases,” Institute of International Bank Law & Practice, October 28, 2016
  • “Questions Raised in LC Cases: You be the Judge,” Institute of International Bank Law & Practice, March 18, 2016
  • “LC Cases & Issues of Significance.” Institute of International Bank Law & Practice, October 16, 2016
  • “Standby and Guarantee Cases: What Your Need to Know,” Institute of International Bank Law & Practice, October 15, 2016
  • “Lessons from Recent LC Cases,” Institute of International Bank Law & Practice, March 13, 2015
Publications [View All]
  • “Report on the Adjustable Interest Rate (LIBOR) Act of 2021,” New York City Bar Association, December 8, 2021
  • “Report on New York State Libor Discontinuance Statute,” New York City Bar Association, March 11, 2021
  • “The LIBOR Endgame,” Fund Finance Association, February 27, 2021
  • “Hot Topics and Negotiated Provisions in Subscription Finance,” American Bar Association, Business Law Section, UCC Committee, Secured Lending and Secured Transactions Joint Subcommittee
  • “Varying the UCP for Standbys & Independent Guarantees:  What should be varied or excluded?.” Institute of International Banking Law & Practice, New York Standby & Guarantee Forum, October 25, 2018
  • “Legislative Memorandum in support of the New York State Omnibus Uniform Commercial Code Modernization Act by the New York City Bar Association,” New York City Bar Association, January 20, 2014
  • “American Asset Protection Trusts: Alaska and Delaware Move "Offshore" Trusts onto the Mainland,” Syracuse Law Review, 49 Syracuse L. Rev. 1253, 1999
Law School Activities/Honors
  • Syracuse Law Review (Article published: Note, American Asset Protection Trusts: Alaska and Delaware Move "Offshore" Trusts onto the Mainland, 49 Syracuse L. Rev. 1253 (1999))
  • Moot Court Honor Society
  • "Big Changes to New York’s Power of Attorney Law Are Coming June 13, 2021" March 8, 2021.

Education
  • Syracuse University College of Law (J.D., cum laude)
  • Syracuse University (B.A., magna cum laude)
Bar/Court Admissions
  • New York
  • New Jersey