Have you considered using a promissory note. I have IQD in a Roth IRA. I plan on cashing out the IQD, which would not be taxable b/c it is in an IRA, deposit the funds in an IRA with a bank, and use a promissory note to access the value of the IRA. I will still make money on the IRA, the bank will make money from the note and the value of money deposited. I will set it up so that the note becomes due once I am 60 yrs old, so I can take tax free distributions from the IRA. That being said, You might be able to deposit the IQD with a bank while not converting them and doing the same sort of thing, let the bank hold the IQD and give you a note which is not taxable earnings since it is basically a loan, though not amortized. More like a balloon payment at the end.