I am looking for accounting entries (under US or UK GAAP), during the
life time of a credit default swap (CDS).

The main events are total premium payable and its NPV, the actual
payments and MTM (mark-to-market) value of the asset. Please assume
the asset is held for trading and not for hedging purposes.

I understand on day 1 there will be a posting for premium, there will
also be daily postings for NPV and MTM and there will be further
posting every time a payment is made and upon maturity.

Please assume we are a buyer of protection and for simplicity no
entries for an actual default event are required.

So simply, I am looking for an example with payment of premium and its
NPV, MTM, actual payments and the maturity.

PLEASE REPLY WITH AN EXAMPLE.