In connected contracts, the parties enter into a plurality of legal transactions for the purposes of an economic unity, creating real dependency among them.
Having identified the existence of connected contracts, the extension of the arbitration clause contained in the main contract to the “swap” agreements becomes possible, since they form a single economic transaction.
In the system of connected contracts, the contract considered to be the main contract determines the rules that shall be followed by the other agreements that are connected to it. It is not reasonable to consider that an arbitration clause contained in the main contract does not extend its effects to the others.
ASA Bulletin