Equitization run in Multi-book with Translation ledgers kept in-sync creates inaccurate results.

We are in the process of moving our foreign subsidiaries onto PeopleSoft GL 9.1.  The ultimate parent company is a US entity with a USD translation ledger.  The US entity has a foreign UK subsidiary with a GBP translation ledger.  The UK entity has various foreign subsidiaries. 

We have run equitization in a prototype environment for both GBP and USD.  What we were expecting is that the system would create the equitization entry in GBP based on the subsidiary net income in GBP and then create a separate entry on the USD ledger using the subsidiary net income in USD.  After running equitization on the GBP translation ledger for the subs of the UK entity the process worked fine for GBP.  However, since we are using multi-book keeping ledgers in sync with translation ledger for GBP and USD, the GBP equitization entries were also re-created as secondary