You can use GREP to apply a Character Style as part of a Paragraph style.
First create the Paragraph style for the entire paragraph.
Then create the Character styles for the character formatting (Color, Bold).
Then decide if it is easier to apply the Character styles through GREP or to do it manually. If you do it through GREP, go to the GREP tab of the Paragraph panel and input info such as (in English):
- At every instance of CL, apply the Character style Green
- At every instance of WW, apply the Character style Purple
I can't show a screen shot because Jive has been locking me out of doing that.