Write/ preset a file container for re-recording process via destructive punch,

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I ve heard of the possibility to write a file container for my re recording process. It is said that you have to set a preset recording length that enables to record via destructive punch to this container in order to avoid the necessity of re recording the whole length when I have to make a change . Once created, the file stays the same, no matter how many changes are made and keeps its name.
Can anybody describe how to prepare the file and track for the down mix ?