Branch Cache is a new feature in Windows 7/2008 R2 that allows your Windows 7 clients (or 2008 R2 server) to cache documents in a local site, as opposed to having to accessed shared documents over a slow connection. The expoertkey and importkey switches are used to designate a file that stores a key that is used to generate a hash of the file.
For more information: http://technet.microsoft.com/en-us/library/dd979561(WS.10).aspx
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