The U.S. Commodity Futures Trading Commission (CFTC) is planning to issue draft proposals to ensure agricultural swap and commodity options contracts get treated as other derivatives contracts, The Wall Street Journal reports. Under the plan, the regulator will remove current requirements that traders of agricultural swaps have a net worth of at least $10 million, adds Reuters. The CFTC has also suggested providing the Federal Deposit Insurance Corporation (FDIC) time to transfer derivatives contracts and collateral to a solvent third party in the event that it moves to seize a failing. The FDIC has one business day to transfer derivatives and certain other contracts to a solvent third party as per the law.

Click here for the story from The Wall Street Journal.

Click here for additional coverage from Reuters.