The Point Position Render Element provides information about various aspects of the shaded points such as position, normal, bump normal, reflection/refraction vectors and UVW coordinates. This render element can be used either for world position passes or normal passes. It extracts particular information about the scene, converting the gathered information into RGB data for use in compositing.

World – X, Y, and Z coordinates (in world space) of the point are converted to RGB data.
Object – X, Y, and Z coordinates (in object space) of the point are converted to RGB data.
Camera – X, Y, and Z coordinates (in camera space) of the point are converted to RGB data.