The Transform effect applies two-dimensional geometric transformations to a layer. This effect supplements the transform properties available for each layer in the Timeline panel. Anchor Point, Position, Rotation, Scale, and Opacity properties function much the same as the layer transform properties in the Timeline panel.
You can specify the shutter angle for motion blur for this layer independently of the composition’s shutter angle. (Motion blur must be enabled for the layer and for the composition for this to be relevant.)
This effect works with 8-bpc and 16-bpc color.