A new family of relations is reported that explains the role played by high‐order correlation matrices within the framework of the hierarchy of contracted Schrödinger equations. It is shown how, through the action of the Hamiltonian, the pure (p+1)‐ and (p+2)‐body correlation effects are canceled out in the p‐order contracted Schrödinger equation. Focusing on the cases p=1 and p=2, the role played by the high‐order correlation terms is discussed here. Other, less restrictive conditions linking the correlation matrices are also considered. © 2001 John Wiley & Sons, Inc. Int J Quant Chem 82: 131–137, 2001