International audienceWe study the relationship between session types and behavioural contracts, representing Communicating Finite State Machines (CFSMs), under the assumption that processes communicate asynchronously. Session types represent a syntax-based approach for the description of communication protocols, while behavioural contracts, formally expressing CFSMs, follow an operational approach. We show the existence of a fully abstract interpretation of session types into a fragment of contracts that maps session subtyping into binary compliance-preserving CFSMs/behavioural contract refinement. In this way, on the one hand, we enrich the theory of session types with an operational characterization and, on the other hand, we use recent ...