Edit: Lets you edit the policy.

Copy: Copies the policy.

Save As: Saves a copy of the policy with another name.

Simulate: Lets you test the policy in Designer before it is deployed into the Identity Vault.

Export to Configuration File: Saves the policy as an XML file. Use this option to create a backup of the policy.

Live > Deploy: Deploys the policy into the Identity Vault.

Live > Compare: Compares the policy to the corresponding policy in the Identity Vault.

Delete: Deletes the policy.

Properties: Lets you rename the policy.