In this file the bindings can be configured to provide different configurations for data services and endpoints, - specified by the name, which then is used in the service/client configuration.
See [http://msdn.microsoft.com/en-us/library/ms733099%28v=vs.110%29.aspx Configuring Bindings for Windows Communication Foundation Services] for further details and [http://msdn.microsoft.com/en-us/library/hh924831%28v=vs.110%29.aspx Configuring Timeout Values on a Binding] for information about timeout configuration.