Bound entanglement provides convertibility of pure entangled states.

I show that two distant parties can transform pure entangled states to arbitrary pure states by stochastic local operations and classical communication (SLOCC) at the single copy level, if they share bound entangled states. This is the effect of bound entanglement since this entanglement processing is impossible by SLOCC alone. A similar effect of bound entanglement exists in three qubits where two incomparable entangled states of GHZ (Greenberger, Horne, and Zeilinger) and W can be interconverted. In general, multipartite settings composed by N distant parties, all N-partite pure entangled states are interconvertible by SLOCC with the assistance of bound entangled states with positive partial transpose.