This tree combines the following settings:

General settings of the Project
User Settings (per user)
Global Settings
Material Information folder (material information held by the project= Settings for waveform files ）

For details about each item, refer to Configuring a Project .

The global settings folder displayed in red on the tree is used for information that is shared across the project.
Changing the objects in this folder will not only affect the current Cue Sheet but the entire project.