According to INCI standards, this ingredient refers to the physical ground up oatmeal. If you are looking for colloidal oatmeal in skincare, you'll most likely see Avena Sativa Kernel Extract on your ingredient list.

Physical colloidal oatmeal is an abrasive meaning it provides physical exfoliation.

Paraffin is a solid created from petroleum. The term 'paraffin' can also refer to either
petroleum jelly or mineral oil.

It has natural occlusive properties which can worsen oily skin. Due to its petrolatum base, this ingredient is not fungal-acne safe.

Paraffinum Liquidum is also known as liquid paraffin. It is a type of highly refined mineral oil.

Like other oils, Paraffinum Liquidum has emollient properties. Emollients help soothe and soften the skin. By creating a barrier to trap moisture within, emollients help keep your skin hydrated.