The invention concerns a value-bearing document (1) which at one of its surfaces has a security element (2) and a transfer film for the production of the value-bearing document. The security element (2) has a magnetic layer (25) for the storage of machine-readable items of information and a reflection layer (23) which is arranged above the magnetic layer (25) in relation to the surface of the value-bearing document. The reflection layer (23) and the magnetic layer (25) cover each other over at least region-wise and the reflection layer (23) is formed by a reflection layer which is not electrically conductive.
