$ From the "operate scenario" you liquidate the portfolio at $t_1$ realising its PnL (let me simplify the notation somewhat) $begingroup$ I estimate daily pnl on the CDS situation using the unfold change periods the CS01. On the other hand I would like to estimate the PnL for a longer https://pnl23530.blogoscience.com/40357962/top-latest-five-pnl-urban-news