Let $X$ and $Y$ be smooth projective varieties over a field $k$. Then for each $E \in D^b(X \times Y)$, we get a functor $\Phi_E : D^b(X) \to D^b(Y)$. I believe the assignment $E \to \Phi_E$ is functorial -- essentially this is the statement that the natural square built from $f : M \to M' $ and $g : N \to N'$ with objects $M \otimes N$, $M' \otimes N$, etc. commutes.
Question: Is this faithful? Fully faithful? In other words, do we get an embedding of $D^b(X \times Y)$ into the category of exact functors from $D^b(X)$ to $D^b(Y)$. Is Orlov's theorem the statement that this is an equivalence of categories onto the subcategory consisting of fully faithful exact functors from $D^b(X)$ to $D^b(Y)$?