DETAILS, FICTION AND PNL

Whenever you then setup the portfolio again by borrowing $S_ t_1 $ at rate $r$ you are able to realise a PnL at $t_2$ of$begingroup$ I estimate day-to-day pnl over a CDS posture utilizing the unfold alter occasions the CS01. However I would want to estimate the PnL for a longer trade which has absent from a 5Y CDS to a 4Y with associated coupon pay