It displays the absolute coordinate system of the .bly file. In case of 3D models imported from STEP or IGES, the absolute coordinate system is coincident with the one defined in those files.
Save Axis
The command saves the orientation of the view as displaied. This view can be recalled later with "Load Axis" command (see below)
Load Axis
The command recalls the orientation of the view as previously saved with "Save Axis".