Abstract: An apparatus and method for swapping out real memory by inhibiting input/output (I/O) operations to a memory region are provided. The apparatus and method provide a mechanism in which a quiesce indicator is provided in a field containing the current outstanding I/O count associated with the memory region whose real memory is to be swapped out. The current I/O field and the quiesce indicator are used as a means for communicating between a shared resource arbitrator and a guest consumer. When the quiesce indicator is set, the guest consumer is informed that it should not send any further I/O operations to that memory region. When the number of pending I/O operations against the memory region is zero, a valid bit in a protection table is set to invalid, and the real memory associated with the memory region may be swapped out.