SECURITY ELEMENT HAVING A COLOR-SHIFTING EFFECT

The invention relates to a security element for banknotes, value documents, and data carriers, comprising a carrier substrate and a coating, which has a color-shifting effect, characterized in that the coating has at least two possibly repeating regions having different color-shifting effects, wherein the regions are matched to each other in such a way that, when the angle of observation is continuously changed, the original color of the first region appears first in the region adjacent to said first region or in the region spaced from said first region or in a region at least partially overlapping with said first region and, when the angle of observation is changed further, appears in the further adjacent, spaced, or overlapping regions.