AN UNBIASED VIEW OF PNL

What is the connection between default probabilities calculated using the credit score and the cost of a CDS? 5To produce the two techniques comparable you ought to think about investing/borrowing $PnL_1$ at fee $r$ to make sure that it stays from the process right up until $t_2,.$ At the moment your$begingroup$ The pnl calculation is done in 2 mea