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# Article 12 — Deliverable supply

**Commission Delegated Regulation (EU) 2022/1302 · binding · OJ L 197, 26.7.2022 · dated 20 Apr 2022 [in force]**

*In force · Consolidated version of 8 February 2026 · Checked against EUR-Lex on 26 Oct 2026 · [Official source](https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:02022R1302-20260208)*

1. <a id="art-12-p-1"></a>Competent authorities shall calculate the deliverable supply for an agricultural commodity derivative or a critical or significant commodity derivative by identifying the quantity of the underlying commodity that can be used to fulfil the delivery requirements of the commodity derivative.
1. <a id="art-12-p-2"></a>Competent authorities shall determine the deliverable supply for a commodity derivative referred to in paragraph 1 by reference to the average monthly amount of the underlying commodity available for delivery based on the most recent available data covering:

    <a id="art-12-p-2-a"></a>**(a)** a 1-year period immediately preceding the determination for a critical or significant commodity derivative;

    <a id="art-12-p-2-b"></a>**(b)** a 1 to 5-year period immediately preceding the determination for an agricultural commodity derivative.

1. <a id="art-12-p-3"></a>In order to identify the quantity of the underlying commodity meeting the conditions of paragraph 1, competent authorities shall take into account the following criteria:

    <a id="art-12-p-3-a"></a>**(a)** the storage arrangements for the underlying commodity;

    <a id="art-12-p-3-b"></a>**(b)** the factors that may affect the supply of the underlying commodity.
