This Tag allow your to make spherical type of image.
Name – here you can enter a name for the object.
Layer – If an element was assigned to a layer its layer color will be displayed here. This field reflects the layer color in the Layer Palette. You can drag & drop layers from the Layer Browser or similar layer fields onto this field. You can also assign layers or remove elements from current layers using the menus located behind the small triangle.
Field of View – determinates the angle of view, this can be set to 360 degree ( it overrides the 180 degree limit of the c4d cam).
Flip X – mirrors the image in X.
Flip Y – mirrors the image in Y.