The long tenor contracts and management of cash-flows for extended periods of time (e.g. 5, 10, 20 years) are uncommon in exchange traded instruments which are possible in OTC trades (e.g., OIS up to 5 year tenor are very active in Indian market). Hence, globally attempts at trading of IRS on exchanges met with little success.
For this purpose, the financial sector has developed a Financial Sector Black Economic Empowerment Charter to promote increased black ownership of and access to financial institutions.