Are you asking specifically about the "Local Bind IP" option? or did you want each of the fields explained?
The Server IP & Server Port are the IP/Port of the Foundstone Configuration Manager (FCM)
Bind to Local Interface, Local Bind IP & Local Bind Port would be the Foundstone Configuration Agent IP,and would only be necessary in a multi-honed enviornment - when you wanted to bind the Agent to a specific IP.
I hope that helps!