AFCM organized a series of webinars from the 18th of September to the 4th of December, 2025, in collaboration with CME Group. The modular program provided a structured introduction to derivative markets and products, covering futures, options, swaps, and their role in risk transfer. Participants examined derivative pricing using cost-of-carry and Black–Scholes–Merton models, with a strong focus on volatility, margining, and central clearing.