$ Within the "do the job situation" you liquidate the portfolio at $t_1$ realising its PnL (let me simplify the notation a tiny bit) $begingroup$ I estimate every day pnl on a CDS place using the distribute change times the CS01. Nevertheless I would like to estimate the PnL for https://pnl80009.59bloggers.com/34530458/5-simple-statements-about-pnl-explained